SENIOR LISTENING

SENIOR LISTENING

Income Related Monthly Adjustment Amount (IRMAA) is a surcharge added to the Medicare Part B and Medicare Part D standard premiums for person’s who have incomes above the income thresholds set annually by the Social Security Administration. These thresholds are calculated using a person’s MAGI (modified adjusted gross income) from the two years prior as reported on your federal income tax returns. The MAGI combines your adjusted gross income (AGI) and any non-taxable intere...