💡 IRMAA Explained: The Hidden Medicare Cost That Could Catch You Off Guard

When it comes to Medicare, most people focus on coverage… but not enough attention is paid to what you’ll actually pay.

As I explain to Erin Kennedy, if you’re considered a “high-income beneficiary” by the Social Security Administration, you could be hit with an extra charge called IRMAA (Income-Related Monthly Adjustment Amount)… and it can significantly increase your Medicare Part B premiums.

Here’s what you need to know 👇

✔️ How high is “high-income”? Even a modest increase in income can push you into a higher bracket.

✔️ It’s a cliff, not a slope Go just $1 over the threshold, and you could pay hundreds more per year in premiums.

✔️ One-time events can trigger it Selling a home, taking an RMD, Roth conversions, or realizing large capital gains can unexpectedly spike your income.

✔️ Planning is everything Strategies like Roth conversions, Health Savings Accounts (HSAs), and Qualified Charitable Distributions (QCDs) can help reduce or even avoid IRMAA.

The bottom line: Without careful planning, you could end up paying more for Medicare than necessary.

📞 Want to make sure IRMAA doesn’t catch you off guard? To put a plan together that could save you thousands in health insurance, just text or call me at 830-476-2505, or book a free chat.