youtor.org
What is IRMAA and How Does It Work
#############################
Video Source: www.youtube.com/watch?v=FvA3LfoPWa0
Show Notes: https://cardinalguide.com/wp-content/... • IRMAA (Income-Related Monthly Adjustment Amount) is the Medicare tax for higher income retirees. Higher income = $97,000+ for a single and $194,000+ for married filing jointly. 2023 IRMAA assessment uses your 2021 tax return; always 2 years in arrears. If you retired, lost your job, reduced your hours………since 2021, IRMAA can be appealed. Medicare beneficiaries in the highest income bracket pay as much as $7800/annually just for Medicare. Once you’re paying this much for Medicare, go with Original Medicare and purchase a Medicare supplement policy. • • Questions? Email us at [email protected], call us at (919) 535-8261, or visit our website at https://cardinalguide.com/
#############################
