MAGI Definition for IRMAA

The Income-Related Monthly Adjustment Amount (IRMAA) is an additional charge added to standard Medicare Part B (medical insurance) and Part D (prescription drug plan) premiums. It applies to beneficiaries whose modified adjusted gross income (MAGI) from two years prior exceeds certain thresholds, as reported on their federal tax returns. Michael Ryan, in the attached article, explains what income counts toward the IRMAA calculation. Read Mr. Ryan’s article here…

Notice: The link provided above connects readers to the full content of the posted article. The URL (internet address) for this link is valid on the posted date; medicarereport.org cannot guarantee the duration of the link’s validity. Also, the opinions expressed in these postings are the viewpoints of the original source and are not explicitly endorsed by AMAC, Inc.; the AMAC Foundation, Inc.; or medicarereport.org.