IRMAA is a surcharge added to your Medicare Part B and Medicare Part D prescription drug coverage premiums if your income is above a certain level. Here's what you need to know.

Sometimes, new retirees who sign up for Medicare may find themselves paying extra monthly charges for premiums. Yet for those whose income drops at retirement, it may be possible to change that.

Most retirees spend years planning for taxes, Social Security timing, and portfolio withdrawals - but there's one charge that ...

“Your retirement income could trigger a Medicare penalty you didn’t even know existed.” Most retirees think of Medicare as a safety net — a predictable, reliable program that helps cover health ...

In 2025, you may have to pay the Medicare IRMAA if you make more than $106,000 as a single filer or $212,000 as a joint filer. In 2026, IRMAA thresholds are $109,000 and $218,000. Many, or all, of the ...

A retiree with $220,000 in combined income from Social Security, pension payments, and investment returns will pay $3,409 for ...

One of the surprises some retirees encounter is that Medicare premiums aren’t the same for everyone. Although the overwhelming majority of retirees pay the standard base premium for Medicare Parts B ...

Medicare increases the monthly premiums for Part B and Part D coverage if your income is higher than certain limits. To avoid these surcharges, you can reduce your modified adjusted gross income. If ...

I’m 64 now, and I’ll turn 65 and go on Medicare in 2026. I had big capital gains in 2024, and I know I’m going to end up paying more for my monthly premiums because my income will be high for that ...