Comment on Terry Savage: Understanding IRMAA

Terry Savage: Understanding IRMAA

Meet IRMAA. This is not a senior’s dating site, but every senior on Medicare should be intimately familiar with IRMAA — the initials that stand for “income-related monthly adjustment amount.” It’s the amount by which your Medicare Part B and Part D premiums increase each year, based on your recent modified adjusted gross income (MAGI).

 

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