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Avoiding IRMAA’s Hit To Your Wallet: Worth The Effort?

7 Mins read

Introduction

The Income-Related Monthly Adjustment Amount, referred to as IRMAA, was first enacted in 2003 as part of the Medicare Modernization Act, and then first applied four years later. It originally applied only to high-income enrollees of Medicare Part B, but

Year Lowest IRMAA MC “B” cost IRMAA cost IRMAA “D” cost Highest IRMAA B Highest IRMAA D
2007 $160-200k $93.50 $12.30 NA $67.90 NA
2011 $170-214 $115.60 $45.90 $12.00 $253.50 $69.10
2015 $170-214 $104.90 $42.00 $12.30 $230.80 $70.80
2019 $170-214 $104.90 $84.70 $12.34 $323.70 $77.40
2022 $182-228 $170.10 $68.00 $12.40 $408.20 $77.90

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