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What is IRMAA?
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IRMAA might sound like a strange name, but it's actually an important acronym related to your income and Medicare costs. Income-Related Monthly Adjustment Amount explained simply. #IRMAA #Medicare #RetirementPlanning #FinancialLiteracy | Annuity Association | Facebook
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Did you know "high wage earners" may pay extra for Medicare Part B & D? It's called the IRMAA surcharge, and it's based on income from 2 years prior. But if life changes reduced your earnings, you can appeal using form SSA-44 for a refund. Don't overpay! Join my live Q&A for more info. #Medicare #IRMAA #SocialSecurity #RetirementPlanning #SSA44 | Dr. Ed - Former SSA Manager
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Most people have never heard of IRMAA… until it shows up as an extra charge on their Social Security statement. By then, it’s too late. At our upcoming IRMAA Educational Workshop at the Virginia Tech – Richmond Center on Tuesday, November 18 or Wednesday, November 19 at 5:30 PM, you’ll learn how to protect your retirement income from costly surprises. You’ll walk away knowing: Why a $1,000 stock sale could trigger over $3,000 in surcharges Which strategies can legally reduce your MAGI (Modified
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