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IRMAA

Income Related Monthly Adjustment Amount (IRMAA)

Defnition- “An amount that you will pay in addition to the Medicare Part B standard monthly premium plus any applicable increase in that premium for your Medicare Part B and D coverage when your modified adjusted gross income is above the certain thresholds.

There are mandatory expenses at retirement that can significantly reduce your income and your social security. I've seen that the younger you are, the bigger the problem.

According to Medicare.gov, if you generate too much income while enrolled in Medicare federal law requires an adjustment to your monthly Medicare Part Band Part D premiums. This surcharge is known as the Income Related Monthly Adjustment Amount or IRMAA for short.


Your Greatest Asset Is Your Health, The Time To Plan For It Is Today.

IRMAA is a TAX on income – that no one is mentioning!

Join Us to Discuss the Tax on Income!

Join us on March 28th, 2024 at 11:30 am for an insightful webinar hosted by IRMAA Certified Planner, Charlie Melita. With special guest speakers Lyndon Clark CFP®, ChFC, CLU, AAMS, RICP, WMCP®, and Dan McGrath, the founder of IRMAA Solutions. In this webinar, we will delve into a crucial yet overlooked topic: IRMAA, or the Income-Related Monthly Adjustment Amount. IRMAA is a tax on income that seems to fly under the radar, yet it significantly impacts individuals aged 55 and over who meet a high-income threshold. Don't miss out on this informative session to gain a deeper understanding of IRMAA and how it may affect your financial plans.

Register on OnZoom.com!