IRMAA (Income-Related Monthly Adjustment Amount)
InsuranceA surcharge added to Medicare Part B and Part D premiums for higher-income retirees.
Example
Example: When shopping for coverage, understanding irmaa (income-related monthly adjustment amount) helps you avoid overpaying or being underinsured. For a family of four, the difference between plans that handle irmaa (income-related monthly adjustment amount) differently can mean $2,000-$5,000/year in out-of-pocket costs. Compare plans with our insurance comparison calculator.