Page 15 - Healthcare News 2025 Senior Planning Guide

The income brackets for the 2025
Part B IRMAA are as follows:
FILE INDIVIDUAL
TAX RETURN
FILE JOINT
TAX RETURN YOU PAY
$106,000 or less $212,000 or less $185.00
The Basics of IRMAA
How Does This Surcharge Impact Your Medicare?
By Erica Beaudry
I’ve previously written articles about some of the
basics of Medicare, like “Navigating the Medi-
care Maze,” in which I introduced the concept of
working with an independent broker such as myself
to help guide you through the enrollment process,
or “Medigap vs. Medicare Advantage: What’s the
Big Deal?” which looked at how both Medigap and
Medicare Advantage plans can be fortification tools
that help limit the liabilities one is exposed to when
covered by Original Medicare (the red, white, and
blue card) alone.
Today, we break down IRMAA, or the income-
related monthly adjustment amount, which some
folks pay for their Medicare Parts B & D coverage.
IRMAA is a surcharge that is determined by the
Social Security Administration and is based on
income reported two years prior. The amount is
calculated annually, so if your income changes, so
might your IRMAA.
The base rate for Medicare Part B in 2025 is
$185. Depending on your modified adjusted gross
income as reported on your IRS tax return from
two years ago, you may have to pay the standard
Part B premium and an income-related monthly
adjustment amount.
Above $106,000
up to $133,000
Above $212,000
up to $266,000 $259.00
Above $133,000
up to $167,000
Above $266,000
up to $334,000 $370.00
Above $167,000
up to $200,000
Above $334,000
up to $400,000 $480.90
Above $200,000
and less than
$500,000
Above #400,000
and less than
$750,00
$591.90
“The Social
Security
Administration
determines you
owe an income-
related monthly
adjustment
amount, it will send you a notice
for the amount of your new
premium and the reason for its
determination.”
$500,000 or
above
$750,000 or
above $628.90
If the Social Security Administration determines
you owe an income-related monthly adjustment
amount, it will send you a notice for the
amount of your new premium and the reason
for its determination. If you disagree with that
determination, you have 60 days from the date of
notice to appeal. Life changing events such as loss
of income, death of a spouse, marriage, or divorce
could be grounds for a redetermination, as well as
inaccurate or outdated tax information.
IRMAA also comes into play with your Part D, or
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