VIDEO: Understanding IRMAA: How Higher Income Impacts Your Medicare Premiums

by Leah Woodly

This video breaks down everything you need to know about Income-Related Monthly Adjustment Amount (IRMAA) and how it affects your Medicare Part B and Part D premiums. IRMAA could increase your monthly Medicare costs if your income exceeds certain thresholds. 

We cover: 

  • What IRMAA is and how it works 
  • Income thresholds and premium adjustments 
  • How to appeal an IRMAA decision 
  • Tips for managing your income to avoid or reduce IRMAA charges 
  • Whether you’re nearing retirement or already enrolled in Medicare, understanding IRMAA can help you avoid surprise costs and plan ahead. 

Helpful links: 

This material is intended for educational purposes only. You should always consult a financial, tax, or legal professional familiar with your unique circumstances before making any financial decisions. Nothing in this material constitutes a solicitation for the sale or purchase of any securities. Any mentioned rates of return are historical or hypothetical in nature and are not a guarantee of future returns. Past performance does not guarantee future performance. Future returns may be lower or higher. Investments involve risk. Investment values will fluctuate with market conditions, and security positions, when sold, may be worth less or more than their original cost. Dorval & Chorne Financial Advisors is a registered investment adviser with the SEC. Registration of an investment adviser does not imply a certain level of skill or training.

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