What IRMAA actually does to your check

IRMAA (Income-Related Monthly Adjustment Amount) is a surcharge on Medicare Part B and Part D premiums for high-income beneficiaries.  The Centers for Medicare & Medicaid Services (CMS) calculates IRMAA based on your tax return from two years earlier. Danielle Liverance, writing for Yahoo Finance, warns high-earning retirees about the Medicare surcharge. Read Ms. Liverance’s article here…

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