Your monthly Medicare Part D IRMAA (Income-Related Monthly Adjustment Amount) charges will be deducted automatically from your Social Security check, or . . .. . . If the amount of your Social Securit . . .
If you are paying IRMAA (the Income-Related Monthly Adjustment Amount), this means that, based on your income, you will pay higher premiums for your Medicare Part B and Medicare Part D coverage.
As . . .
Your most recent Federal income tax returns are used to determine whether you pay an income-related monthly adjustment amount or IRMAA - however, this means that your current IRMAA is determined by yo . . .
The Social Security Administration uses your most recent tax return that was reporting your modified adjusted gross income (MAGI) from two years ago. So 2021 Part B and Part D IRMAA is determined based on your 2019 tax return that was filed in 2020.
If you are a person who has higher annual earnings, the Income-Related Monthly Adjustment Amount (or IRMAA) is an additional amount that you pay for your monthly Medicare Part D prescription drug plan . . .