An income-related monthly adjustment amount (IRMAA) is a surcharge added to your monthly Medicare Part B and Part D premiums based on your annual income. Many parts of Medicare involve paying a ...

A financial adviser explains how a client could have unwittingly triggered the Medicare surcharge and what others need to ...

IRMAA also applies to Medicare Part D, which covers prescription drug plans. For most beneficiaries with income under $106,000, there is no extra charge beyond their plan's standard premium.

If you need to pay a higher premium, the SSA will mail you an IRMAA letter. Medicare Part D is prescription drug coverage. Part D plans have their own separate premiums. The national base ...

It only applies to Medicare parts B and D. The IRMAA is a surcharge based on annual income added to Medicare Part B and Part D premiums. It varies by income bracket and tax filing status.