Q & A
Does the “IRMAA” income rule to Medicare Part D affect you?
Full question: I am 68 and have been on Medicare for three years with the same $0 premium Medicare Advantage HMO that has Medicare Prescription Drug plan included, but recently I received a letter from Social Security stating that I will now have an additional $29.90 deduction from my Social Security check because I have a Medicare Advantage Part D prescription drug plan. I enrolled on time and have no late penalties. What is going on?
Answer: There is now an income-related monthly adjustment amount in addition to your monthly premium. The different income levels, also called IRMAA, are included in Toni’s Medicare Survival Guide. The 2013 Medicare costs and deductibles for Parts A and B are included. Read more.
Source: yourMemorialnews.com, August 20, 2013
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