What to Know - Medicare Premium "IRMAA"
Were you surprised to receive a Medicare IRMAA letter from the Social Security Administration? Beware that certain income levels can increase your Medicare premium by up to 286% - an increase called "IRMAA." And yet, some people might still pursue this increase. If you're among the 4% to 5% of all Medicare participants who received an "IRMAA" letter, here's what you need to know.