IRMAA explained

February 11, 2011

Thanks to Kaiser Health News for this clear explanation of the increased monthly premiums charged to higher-income individuals and couples for Part D prescription drug coverage. The premium increase was part of PPACA, one of the provisions intended to help finance the law, and is expected to raise about $36 billion through 2019.

The Part D premium increase is tied to Part B premium amounts, which in turn are tied to taxpayer Modified Adjusted Gross Income. Tables showing the Part B and Part D amounts for different income levels can be found on the Social Security web site – scroll down the page ot the section titled Monthly Medicare premiums for 2011.

One Response to “IRMAA explained”

  1. […] 2/14/2011: See this post for more about the Part D premium charges, and a link to the table on the Social Security web site […]

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