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Appealing the Medicare “IRMAA” Surcharge - Kiplinger
In this interesting article, a newly retired senior found that her Medicare premiums for the forthcoming year will be based upon her (and her husband’s) income while they were still working. That’s because Medicare premiums are determined each year from the recipient’s income from two years prior. And for a couple both previously working full time, that will very likely mean that a rule not so affectionately known as “IRMAA” will almost certainly mean they will pay a lot more for Medicare. “IRMAA” is an acronym for Medicare’s “Income Related Monthly Adjustment Amount,” which is a surcharge added to standard Medicare monthly premiums, which can result in a Part B premium of nearly $700 per month. This person explains her advanced planning to appeal that higher premium and, in this Kiplinger article by Sandra Block, explains how to do that.