Lester J Robinson CLTC earns his IRMAA Certified Planner

What is IRMAA Income-related monthly adjustment amounts are based on a person's adjusted gross income and may affect their Medicare premiums. When a person makes more than the allowed income, Medicare adds a charge to the Part B & D premium
By: LesLTC
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".
Looking to purchase the book www.lesltc.com/book/

Looking to interview Les Robinson: email him at les@lesltc.com or call 1-800-875-01

Les Robinson CLTC
Email:***@lesltc.com Email Verified
Tags:Lester Robinson CLTC Book
Location:Amherst - New York - United States
Account Email Address Verified     Account Phone Number Verified     Disclaimer     Report Abuse
Les Robinson Long Term Care Planning News
Most Viewed
Daily News

Like PRLog?
Click to Share