The Income-Related Monthly Adjustment Amount (IRMAA) affects the amount you pay for your Medicare Part B and Part D premiums. For 2024, your IRMAA is determined based on your modified adjusted gross income (MAGI) from 2022. This page provides detailed information to help you understand your IRMAA and how it impacts your total monthly premiums.
The IRMAA for Medicare Part B is an additional amount you may need to pay on top of your standard Part B premium if your income exceeds certain thresholds. The tables below outline the IRMAA based on individual and joint tax returns.
The IRMAA for Medicare Part D is an additional premium amount you pay if your income exceeds certain thresholds. The following tables show the IRMAA for individual and joint tax returns for Part D.
Understanding your IRMAA is crucial for managing your Medicare expenses. By knowing how your modified adjusted gross income affects your premiums, you can plan better for your healthcare costs. If you have any questions or need further assistance, please contact us.
