To determine whether you’ll owe an IRMAA surcharge, Medicare sets a specific modified adjusted gross income (MAGI) threshold that is calculated by adding your adjusted gross income (AGI ...

MAGI (Modified Adjusted Gross Income) which explains what your yearly income bracket is and IRMAA (Income Related Monthly Adjusted Amount) which shows what your monthly premium will be.

I enrolled in a $0 premium Medicare Advantage plan to begin April 1st when I turn 65. I chose to disenroll from my husband’s employer benefits because my monthly premium is $0, making it more ...

Hi Toni:I enrolled in a $0 premium Medicare Advantage plan to begin April 1st when I turn 65. I chose to disenroll from my husband’s employer benefits because my monthly premium is $0, making it ...

I’m getting $110,000 from a 401(k) through a divorce QDRO. Where should I put the money to avoid excess tax and IIRMA implications? I’m 70 and my only income comes from Social Security.

The first IRMAA level starts for Medicare beneficiaries who file individual tax returns when their MAGI hits $106,000 in 2025. A second IRMAA threshold begins when an individual’s MAGI reaches ...