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Information on IRMAA for Higher Income Earners
Ben Munger • May 23, 2021

IRMAA stands for Income Related Monthly Adjustment Amount and is applied to higher income earners who’s AGI is over $85,000, or over (for a single person or married couples filing separately), and $170,000 for married couples who file taxes jointly. If you or your family meet these guidelines your Medicare Part B and Part D will be adjusted accordingly on a sliding scale. One thing to consider is that you have the right to request a reduction of IRMAA if you no longer meet the income limits outlined by Medicare. F


or instance, if your 2017 AGI was over $85,000 as a single person or $170,000 as a married


couple and now you’re retired and no longer bringing in this level of income, you can bring proof of your current income to the Social Security office and they will adjust your Part B and Part D accordingly. Many people do not take advantage of this and end up over-paying for their Medicare. If you are interested in more details about IRMAA and how it may affect you, please contact our office at 408-398-1929 and we will send you the electronic PDF titled, "Medicare Premiums: Rules For Higher-Income Beneficiaries".   

A Financial Guide: Paying Your Bills During The Coronavirus Pandemic

By Ben Munger • 24 May, 2021
For many, the beginning of the month is a benchmark to pay their bills. However, the coronavirus has flipped the world as we all know it upside down. MIS is here to assist people navigate the COVID-19 world as bills and other obligations become due.

Information on IRMAA for Higher Income Earners

By Ben Munger • 23 May, 2021
IRMAA stands for Income Related Monthly Adjustment Amount and is applied to higher income earners who’s AGI is over $85,000, or over (for a single person or married couples filing separately), and $170,000 for married couples who file taxes jointly.

Medicare Supplement Insurance (Medigap) may not cover everything

By Ben Munger • 22 May, 2021
Something to be aware of is that not all insurances are created equal. Although Medigap insurance provides the flexibility you may need in order to see a wide array of doctors, there may be limits to what’s covered on your supplemental Medigap plan.

Yearly Wellness Visits – What’s allowed and what’s not?

By Ben Munger • 21 May, 2021
I recently had a customer call me to ask why Medicare covered her yearly wellness visit but denied the lipid panel that she got after the appointment. Of course she was not happy about this.

2020 Medicare Annual Enrollment Is Almost Here…

By Ben Munger • 20 May, 2021
The Medicare Annual Enrollment Period is almost here! Each year, open enrollment takes place between October 15 and December 7.

New Medicare cards should have been received by now...

By Ben Munger • 19 May, 2021
By now, everyone should have their new Medicare cards. You have already provided us with your new number, but if not, we'd really like to update this information in our system.

New Medicare Cards

By Ben Munger • 18 May, 2021
Anyone eligible for Medicare in Northern CA should have a new Medicare card by now. If you already have your new card make sure to cut up, or preferably shred, the old one and put it in the trash.

Do you Qualify?

By Ben Munger • 17 May, 2021
Are you wondering about whether you qualify for Prescription Drug help?

Medicare Basics

By Ben Munger • 15 May, 2021
Everyone knows what Medicare is, right? Not necessarily. Despite ongoing discussions about the program in politics, media, and the healthcare industry, there are persistent misconceptions in the general public, especially for those who are about to turn 65 and become eligible for Medicare.

What is Medicare Part A ?

By Ben Munger • 14 May, 2021
Medicare Part A covers inpatient hospital care, limited time in a skilled nursing care facility, limited home health care services, and hospice care.

A Financial Guide: Paying Your Bills During The Coronavirus Pandemic

By Ben Munger • 24 May, 2021
For many, the beginning of the month is a benchmark to pay their bills. However, the coronavirus has flipped the world as we all know it upside down. MIS is here to assist people navigate the COVID-19 world as bills and other obligations become due.

Information on IRMAA for Higher Income Earners

By Ben Munger • 23 May, 2021
IRMAA stands for Income Related Monthly Adjustment Amount and is applied to higher income earners who’s AGI is over $85,000, or over (for a single person or married couples filing separately), and $170,000 for married couples who file taxes jointly.

Medicare Supplement Insurance (Medigap) may not cover everything

By Ben Munger • 22 May, 2021
Something to be aware of is that not all insurances are created equal. Although Medigap insurance provides the flexibility you may need in order to see a wide array of doctors, there may be limits to what’s covered on your supplemental Medigap plan.
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