AMHERST, N.Y. -
May 9, 2023 -
PRLog -- 40The official definition of IRMAA from POMS is: Medicare beneficiaries that "have modified adjusted gross income (MAGI) above the threshold for their tax filing status pay an IRMAA in addition to the monthly premium." According to the SSA Handbook, the definition of IRMAA is: "As of January 2007, beneficiaries enrolled in Medicare Part B with modified adjusted gross incomes (MAGI) above a set threshold are required to pay a higher percentage of their total Part B premium costs.
This is the Income-Related Monthly Adjustment Amount (IRMAA), also referred to as the Medicare subsidy reduction or IRMAA-B".
Part D, the SSA Handbook states: "As of January 2011, beneficiaries enrolled in a Medicare prescription drug plan also known as Medicare Part D, with modified adjusted gross incomes (MAGI) above a set threshold are required to pay an Income[1]Related Monthly Adjustment Amount (IRMAA). The Income-Related Monthly Adjustment Amount for prescription drug coverage is also referred to as IRMAA-D".
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