Medicare IRMAA

IRMAA stands for Income-Related Monthly Adjustment Amount. It is an extra surcharge applied to Medicare Part B and Part D premiums for beneficiaries with higher incomes. The Social Security Administration determines IRMAA using your modified adjusted gross income (MAGI) from your federal tax return two years prior. In 2026, higher-income Medicare beneficiaries pay an additional Income-Related Monthly Adjustment Amount (IRMAA) on top of the standard Part B ($202.90) and Part D premiums, based on their 2024 tax return income.  Drew Wood, writing for AOL.com, explains Medicare IRMAA and how you may be able to erase the surcharge. Read Mr. Wood’s article here…

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