The lower your taxable income is, the lower your tax bill. Which bracket you fall into. Sources: Code of Federal Regulations, § 418. 80 for a total of $3955. Calendar Year (CY) 2024 Medicare Physician Fee Schedule Final Rule. If your yearly income in 2021 was File individual tax return File joint tax return File married & separate tax return You pay (in 2023) $97,000 or less $194,000 or less $97,000 or less Your plan premium Married Submitting Collectively: >= $750,000. 90. 20, depending on income. Part D premiums can. In 2023, the maximum amount that IRMAA could charge you for your Medicare Part B premiums is almost $400. – 7 p. Per the table below, IRMAA can add $68. The average total Part D premium is the sum of the average basic premium and the average supplemental premium for plans with enhanced coverage and is the most accurate current projection of what. Greater than $103,000 and less than $397,000. There's no yearly limit on what you pay out-of-pocket, unless you have supplemental coverage,. The Part D IRMAA brackets remain unchanged. The income limit to contribute the full amount to a Roth IRA in 2024 is $146,000, up from $138,000 in 2023. $97. No income for 2 years since laid-off and hitting 65 in a few months. See the chart below to find how much your IRMAA payment will be in 2023. 90 a month. The income threshold in 2023 sat at $97,000 (or $194,000 for those filing jointly). For couples who file a joint tax return, that threshold is $194,000 per year. Any premium increase above the standard amount is referred to as IRMAA, which stands for Income-Related Monthly Adjustment Amount. The standard Part B premium is $164. Less than or equal to $103,000. Apr 04, 2022. Total Monthly Premium Amount. by Oicuryy » Thu Dec 30, 2021 4:30 pm. They both plan on retiring on July 1, 2024 and will. The standard monthly premium for Medicare Part B decreased from $170. 1, 2023 WASHINGTON — The Internal Revenue Service announced today that the amount individuals can contribute to their 401(k) plans in 2024 has increased to $23,000, up from $22,500 for 2023. The Medicare portion of the FICA payroll tax is 1. $97,000 or less. If your income is above a certain limit, you'll pay an income-related monthly adjustment. Page 1 of 8 OMB No. There is no asset or income limit that disqualifies otherwise eligible people. 80 more than. – If MAGI is between $111,001 and. The maximum total Part B premium in 2023 will be $560. As we’ve discussed, IRMAA applies to both Medicare Part B and Part D. For 2024, the Part B premium is $174. The standard Part B premium for 2023 is $164. 90. Medicare Part A premiums are flat or decreasing slightly; Medicare Part A deductible and copays are. Less than or equal to $88,000 . If your yearly income in 2022 was: File individual tax return File joint tax return File married & separate tax return You pay (in 2024): The table below shows the income limits and potential Medicare Part B premiums for 2023: And for a comparison, the table below shows the income limits and potential Medicare Part B premiums for 2024: The income limit for IRMAA in 2024 is $103,000 for individuals and $206,000 for couples. 00% in 2024. 90. Since MAGI gets reported each year, the IRMAA can change every year. Those IRMAA brackets are 35% to 85%. Each year, the Medicare Part B premium, deductible, and coinsurance rates are determined according to provisions of the Social Security Act. 10. portfolio income from things like capital gains or Roth conversions are not. 20 to $76. Greater than $103,000 and less than $397,000. 00. The Income Related Monthly Adjustment Amounts (IRMAAs) were also updated for 2023. Similarly, the tax return filed for 2021 will be used to calculate IRMAA surcharges for the year 2023. Not all states subject IRA distributions to income tax. Our 2021 income was going to escalate my premiums by two levels with Aunt IRMAA—or so I was initially informed. by boglegirl » Mon Jan 23, 2023 1:43 pm. 80 in 2024. In 2023, the standard premium is $164. $97. 90 in 2023. ) In the deductible phase, Part D enrollees pay 100% of their drug costs, up to $505 in 2023. Call TTY +1 800-325-0778 if you're deaf or hard of hearing. For 2023, IRMAA kicks in if your 2021 MAGI was over $97,000; for married couples filing joint tax returns, above $194,000. This is the ultimate guide to the 2023 IRMAA brackets (and 2024 projected). 00. The standard monthly premium for Medicare Part B decreased by $5. That surcharge is known as an Income-Related Monthly Adjustment Amount, aka IRMAA. 60%. Filing Joint Tax Return. The Part D adjustments (paid along with the drug plan. The 2023 IRMAA Brackets are: GET YOUR FREE MEDICARE IRMAA AND SOCIAL SECURITY STRESS TEST GET YOUR FREE REPORT NOW Do IRMAA. 2023 IRMAA Brackets. The 2024 Medicare IRMAA surcharge kicks in when modified adjusted gross income exceeds $103,000 for single taxpayers or $206,000 for married couples filing jointly. above $426,000. Someone asked, how exactly does one limit one's income in 2022 to avoid a cliff for 2024 that does not release until the end of 2023? Is it safe, and advisable, to just use the 2023 threshold? Surely 2024 will be the same or higher, right? Have the. 70. , 2022) is above a certain amount, you’ll pay the standard premium amount and an Income Related Monthly Adjustment. 000 - Medicare Income-Related Monthly Adjustment Amount - Table of Contents - 10/25/2023 Batch run: 10/25/2023 Rev:10/25/2023The standard Part B premium amount in 2023 is $164. Please check my thinking on a couple of things: 1. The Medicare Part B deductible will increase to $240 in 2024. Because we have a marginal income tax rate, if you are bumped into the next higher tax bracket, only your extra dollars of income over the limit are taxed at the. 2023 Full Low-Income Subsidy Income Requirements (135% of FPL). 8% in 2024, from $56. My husband turns 65 in 2025 and we know that any IRMAA penalty will be based on our income this year. In 2023, the standard premium for Part B is $164. 00. Less than or equal to $91,000. There’s. The 2023 IRMAA is based on the Modified Adjusted Gross Income (MAGI) from 2021. Less than or equal to $97,000. Beneficiaries who file an individual tax return with income: Beneficiaries who file a joint tax return with income: Income-related monthly adjustment amount Total monthly Part B premium amount; Less than or equal to $103,000: Less than or equal to $206,000: $0. 2021 Medicare Part D plan premiums, based on income level from 2019, are as follows: Medicare Part D IRMAA. 40 per. Please reference our article with Important Tables for 2023 to see the Federal Income Tax Brackets and IRMAA thresholds. The IRMAA surcharge is added to your 2023 premiums if your 2021 income was over $97,000 (or $194,000 if you’re married). Applying for Medicare Extra Help can be done online, in person at a local Social Security office, or by phone at 800-772-1213. 50 a month extra for Part D drug coverage, although I take no medications. 15 for generic prescriptions and $10. Income has a direct impact on how much you pay for Medicare. Preventative care. S. Income-Related Monthly Adjustment Amounts (IRMAA) are capped at $560. 10 per month. 90 per month for those in the lowest income-adjustment bracket. Below are the six income threshold tiers for 2023. No retirement plan at work: Your deduction is allowed in full if you (and your spouse, if you are married) aren’t covered by a retirement plan at. 80 to as much as $560. If you “have a lot of money,” meaning you have saved/invested and now have lots of money and monetary benefits (Social Security, for example) that, when distributed, count as MAGI towards. The 2023 income limits for Medicare Savings Programs (MSPs) are $19,920 per year for an individual and $26,868 per year for a married couple, in many cases. Each year, the Medicare Part B premium, deductible, and coinsurance rates are determined according to provisions of the Social Security Act. Less than or equal to $194,000. Medicare Part B income-related monthly adjustment amounts Let’s break down what this acronym means. Each year, the Medicare Part B premium, deductible, and coinsurance rates are determined according to provisions of the Social Security Act. The IRMAA income brackets for 2023 determine whether you’ll be subject to the additional surcharge and how much you’ll have to pay. 13 Jul 2023 13:50:00IRMAA is a surcharge for people currently on Medicare that have income above a certain limit. pdf Author: MPB4 Created Date: 1/4/2023 11:28:15 AM. , does not overstate the retiree’s reduction in state income tax) to assume the IRA distributions are subject to state income tax. If a conversion puts you over the limit then you pay IRMAA 2 years later. The standard Medicare Part B premium will increase to $174. g. Less than or equal to $194,000. As it can be seen through the changes from 2007 to 2011, thankfully, the IRMAA income thresholds increased by roughly 1. The standard monthly premium for Medicare Part B enrollees will be $174. 2023 2024 2025 Medicare Part B IRMAA Premium MAGI Brackets. No one knows. Medicare beneficiaries who reported an individual income at or below $103,000 in 2022, or a married couple who earn no more than $206,000 per year in 2022, will now pay $174. Medicare’s IRMAA Brackets from 2007 to 2022. 70 in 2024. A widow with a fixed retirement income of $95,000. In 2023, it can more than triple Part B premiums to as much as $560. 20 to your 2022 monthly Medicare Part B premium, increasing it from $170. 10It's easy to determine your 2024 Part B and Part D total premiums by adding the income-related monthly adjustment amount to the 2024 premium costs. 7 million, after the inflation adjustments. Part D premiums are dictated by the Part D plan carrier, but beneficiaries with an income over the IRMAA limit must pay an additional amount. 70 for 2024, an increase of $9. 70 for 2024, an increase of $9. The modified adjusted gross income is the amount that counts toward the income limit. More than or equal to $500,000. 60. , see 2022 2023 2024 Medicare Part B IRMAA Premium MAGI Brackets) that 2025 IRMAA tiers, based on 2023 income, will have higher breakpoints due to inflation. It is expected that tiers 1-4 will increase by 2% year over year. Most people pay a standard monthly premium for Medicare Part B, which is $164. Overview of the 2024 IRMAA Brackets Individual $103,000 or less/MFJ $206,000 or less – No surcharge To illustrate this challenge, note that numerical examples here use the 2023 tiers, based on 2021 income, but it is likely (e. Although it's decreasing, the CMS said there will be income-related adjustments to the monthly premium, ranging between $12. 90 a month. Part B premiums are expected to increase 6. The Medicare Part B standard monthly premium is $164. Traditional IRAs. 50. HI 01120. $148. Total Monthly Premium Amount. married filing jointly with a spouse who is covered by a plan at work: more than $218,000 but less than $228,000: a partial deduction. 40 per month, depending on income. 70/month in 2024. (For 2022, the standard Part B premium amount is $170. 35 for brand-name prescriptions will be required of you in 2023. 2022 Medicare Part D Income Related Adjustment Amount (IRMAA) Income Brackets If your filing status and yearly income in 2020 (filed in 2021) was File individual tax return File joint tax return File married & separate tax return You pay each month for Part D (in 2022) $91,000 or less $182,000 or less $91,000 or less no IRMAA, only yourIRMAA is calculated based on tax brackets. Medicare beneficiaries who have to pay a higher. One dollar over the limit, and you pay the penalty all year. Seniors who enroll in a. Income Category: Your 2023 Costs: Change from 2022: Less than $103,000 (<$97,000 in 2023) $0:. After crossing the threshold, the monthly amounts for Part B IRMAA (paid in addition to the standard premium) will be $65. 4 million in 2019 and then drop to 3. The annual contribution limit for a traditional IRA in 2023 was $6,500 or your taxable income. Less than or equal to $194,000. Total Monthly Premium Amount. For example, at the highest IRMAA income level 5 for income above $750,000 for married, joint tax filers, Medicare beneficiary would pay 85% of the premium cost and the Medicare program would pay the other 15%. Beneficiaries who file individual tax returns with modified adjusted gross income: Beneficiaries who file joint tax returns with modified adjusted gross income: Income-Related Monthly Adjustment Amount. 90 in 2023. Meagan Dow, CFA®, CFP® • Senior Strategist, Client Needs Research. $97,000 or less. At your current income level, in 2024, you would pay just around $3,506 in annual Medicare premiums combined for Part B ($2,935) and Part D (around $571 on average). If your income is above a certain limit, you’ll pay an income-related monthly adjustment amount in addition to your plan premium. HI 01100. 90 (down from $170. The inflation data for the 2023 thresholds will not be known until September of 2022. 10The standard Part B premium amount in 2024 is $174. What is the Medicare IRMAA for 2023? The Income-Related Monthly Adjustment Amount begins with $97,000 for individual beneficiaries filing. Medicare beneficiaries who reported an individual income at or below $103,000 in 2022, or a married couple who earn no more than $206,000 per year in 2022, will now pay $174. 2024 IRMAA Updates: The standard Medicare Part B premium is set at $174. In 2023, their $300,000 income will put them in Tier 2, instead of Tier 3. Filing Joint Tax Return. 00. 06%. also, based on no inflation, to avoid IRMAA, the 2023 Joint filing income limit is estimated to be $210,000. Per the table below, IRMAA can add $68. Married Submitting Individually >= $403,000. 2021 Extra Help Income Limits: Full Subsidy––Below 135% of poverty guidelines (below $17,388. The income-related monthly adjustment amount (IRMAA) has increased to $97,000 for individuals and $194,000 for couples. That high income will determine your 2024 IRMAA (unless you have another life changing event). $97. Minimizing Taxes In Retirement is a sure way to increase your retirement income. $0. 45% on all earnings, even those above the maximum Social Security tax limit. However, you can make reasonable estimates 09-19-2022, 06:28 PM #. The term ‘ IRMAA ‘ stands for Income-Related Monthly Adjustment Amount. The Medicare Part B 2023 standard monthly premium is $164. The standard monthly premium for Medicare Part B enrollees will be $164. Looks like the avg inflation will be more than 3% for 2023. which is 277. IRMAA Percentage Tables, Medicare Part B Premium Year 2023The 2023 income limits for Medicare Savings Programs (MSPs) are $19,920 per year for an individual and $26,868 per year for a married couple, in many cases. 90 each month ($174. 001D in this section, Appeals processing procedures for service representatives (SR) and 800 number agents (N8NN)The current Medicare costs and IRMAA brackets can be found at this link. will increase from $505 in 2023 to $545 in 2024. $0. For those unaware of IRMAA, the two-year lag can create unpleasant surprises when you first enroll in Medicare—especially if your. The current Medicare costs and IRMAA brackets can be found at this link. 1. If your income in 2020 was less than or equal to $91,000 as an individual, or less than or equal. $144. It is possible that the increase in Social Security income in 2023 could trigger IRMAA for some retirees in 2025. 5 For Married Filing Separately: Those with MAGI from 2021 of $97,001–402,999 are subject to a surcharge of $362. 3 For 2023, the base premium for Part B is $164. If your Modified Adjusted Gross Income (MAGI) as reported on your IRS tax return from 2 years ago (i. *Housing Income Limits (HILs) were previously called the Core Need Income Thresholds (CNITs). Tell the representative you want to lower your Medicare Income-Related Monthly Adjustment Amount (IRMAA) due to a life-changing event. Medicare Part B Income-Related Monthly Adjustment Amounts. If you had a major life-changing event and your income has gone down, you may use this form to request a reduction in your income-related monthly adjustment amount. If your income has gone down, you may also use Form SSA-44 to request a reduction in your income-related monthly adjustment amount. The income-related monthly adjustment amount (IRMAA) is a sliding scale created by the Social Security Administration to adjust Medicare Part B and Part D prescription drug coverage premiums. The surcharge for Part B ranges this year from $68 to $408. The MAGI used to determine if the income-related monthly adjustment amount (IRMAA) applies is the most recent tax information that IRS is able. High-income households pay an extra charge—IRMAA—on top of the standard Medicare pre. For example, in 2023, individuals with an annual income of $97,000 or less paid a standard premium of $164. For that 7%, the premium is structured as a two-part assessment: the basic assessment of $164. 10, that. If you’re self-employed, you may be able to deduct your Medicare premiums even if you don’t itemize. Since he turns 65 mid-year,. on your income. $194,001 –. The income limit for the Saver's Credit (also known as the Retirement Savings Contributions Credit) for low- and moderate-income. The 2024 annual IRA contribution limit is $7,000 for individuals under 50, or $8,000 for 50 or older. In 2023, it can more than triple Part B premiums to as much as $560. In 2023, Medicare beneficiaries with a modified adjusted gross income above $97,000 have an income-related monthly adjustment (IRMAA) added to their Medicare Part B premiums. Plus, individuals with earned income of more than $200,000, or. If your income is above a specific. 10 per. Just like with your Part B coverage, you’ll pay an increased cost if you make more than the preset income level. $0. IRMAA stands for Income Related Monthly Adjustment Amounts. 80 per month increase from the 2023 Part B premium of $164. If your income is above a certain limit, you’ll pay an income-related monthly adjustment amount in addition to your plan premium. (if there is 3% inflation between now and Sept, 2024, the 2025 income limit to avoid IRMAA is estimated to be $212,000) This website is well explains IRMAA. 80 (compared to $238. Beneficiaries who are married and lived with their spouses at any time during the year, but who file separate tax returns from their spouses, with modified adjusted gross income: Income-related monthly adjustment amount. If your income in 2020 was less than or equal to $91,000 as an individual, or less than or equal to $182,000 as a married couple, you did not pay IRMAA in 2022 and the. Greater than $103,000 and less than. The current Medicare costs and IRMAA brackets can be found at this link. Since 2020, the Income-Related Monthly Adjustment Amount (IRMAA) income brackets are inflation adjusted. 2023 Medicare Part D Income Related Adjustment Amount (IRMAA) Income Brackets: If your filing status and yearly income in 2021 (filed in 2022) was: File individual tax return: File joint tax return: File married & separate tax return: You pay each month for Part D (in 2023) $97,000 or less: $194,000 or less: $97,000 or less: no IRMAA, only your. What is IRMAA? IRMAA stands for Income Related Monthly Adjustment Amounts. 90 for those in that bracket. Retirement and Medicare expert Phil Moeller weighs in on what to expect. 2023 Medicare Amounts. The table below shows the income limits and potential Medicare Part B premiums for 2023: Filing Individual Tax Return. 10. The standard monthly premium for Medicare Part B in 2023 is $164. If you did not pay more than the standard amount then you are not eligible for IRMAA. The extra charge for Part B starts at $69. . Ordinarily, the following year is expected to be a little higher, but if you are wanting something sort of rock solid safe, I think $103k is a good limit for 2023 income (for use in avoiding IRMAA in 2025). This optional form is filled out once per person. In 2024, that standard Part B premium sits at $174. My total Medicare Part B premium for 2023 was set to climb from the standard $164. Up to 85% of Social Security benefits are taxable if “combined income” — adjusted gross income, plus nontaxable interest, plus half of Social Security benefits —. 80 from $164. Joint filers should each submit one. above $213,000. In 2023, it can more than triple Part B premiums to as much as $560. Some examples of income that the government counts towards IRMAA are: Wages:Medicare and IRMAA: Higher income can lead to . (In that program, private insurers. 50 a month during 2023, down from a peak of $578. Roth Conversion Consideration for IRMAA 2023. 50 IRMAA surcharge) Example 2: Alison and. 20 to $164. The Income Related Monthly Adjustment Amount (IRMAA) of Medicare is a surcharge on top of the current year’s Medicare Part B and D premiums. Learn about the "Initial IRMAA Determination Notice," which Social Security sends you if you have Medicare Part B and/or Part D and Social Security determines that any Income Related Monthly Adjustment Amounts (IRMAA) apply to you. 90 premium + $164. The income that counts is the adjusted gross income you reported plus other forms of tax-exempt income. Less than or equal to $87,000. Total Monthly Premium Amount. 10 for. Total Monthly Premium Amount. In 2024, the standard Part B monthly premium is $174. The annual deductible for all Medicare Part B beneficiaries will be $240 in. $0. the Low-Income Subsidy program (LIS) under Part D will be expanded so that beneficiaries who earn between 135 and 150 percent of the federal poverty level and meet statutory resource limit requirements will receive the full LIS. Contents. Since they will file as married filing jointly, the following applies for 2023: Beneficiaries who are married and lived with their spouses at any time during the year, but who file separate tax returns from their spouses with modified adjusted gross income: Income-Related Monthly Adjustment Amount. That amount changes from year to year, but it's generally consistent for most Medicare enrollees. Supply: Medicare Prices, Medicare. less than $412,000 ; $326. There are five IRMAA income brackets depending on your income and filing status. 50 a month extra for Part D drug coverage, although I take no medications. 60 in 2020. You'll also learn what IRMAA is and how to avoid IRMAA this year. 00 for an individual and $23,517. Medicare Part B Premium and DeductibleOn October 21, 2022, the IRS released inflation contribution limits, phase-out ranges, and income limits for various retirement accounts. 70 . 3rd Surcharge Bracket: 7. 1. the beneficiary’s adjusted gross income (AGI) (found on line 11 of the Internal Revenue Service (IRS) tax filing form 1040), plus. 70 (normal $164. If your MAGI was below these thresholds in 2021, you do not pay IRMAA in 2023. IRMAA 2022 annual reimbursements will be issued during the 3rd week of October 2023. Beneficiaries who file individual tax returns with modified adjusted gross income: Beneficiaries who file joint tax returns with modified adjusted gross income: Income-related monthly adjustment amount: The total monthly premium amount: Less than or equal to $91,000: Less than or equal to $182,000: $0. 00% in 2024. Other beneficiaries pay an adjusted rate for Part B coverage by adding an Income Related Monthly Adjustment Amount (IRMAA) to the standard premium. The Social Security Administration (SSA) uses Federal income tax return information from the Internal Revenue Service (IRS) about beneficiaries’ modified adjusted gross income (MAGI) to make IRMAA determinations (see HI 01101. 80 and $560. The Income-Related Monthly Adjustment Amount (IRMAA) is an additional amount that you are required to pay for your monthly Medicare premiums if you have higher annual earnings. 00. Medicare Part B Premium 2023 Medicare Part D Premium 2023; $0 – $97,000: $0 – $194,000: $0 – $97,000:. If you had an event that caused your income to go down, you can request a reduction in your IRMAA. 90 per month in 2023. If your filing status and yearly income in 2021 was. 2. By Donna LeValley last updated October 16, 2023 If you have Medicare Part B and/or Medicare Part D prescription drug coverage, you could owe a monthly. 84%. Medical equipment. The drug reportedly will cost $26,500 a year, and with premiums set to cover about a quarter of program costs, it’s likely Medicare users would see Part B costs for 2024 higher than the $174. 50, imposed on modified adjusted gross incomes equal to or greater than $500,000 for individuals and $750,000 for married couples filing jointly. 10 in 2022), plus what is called the income-related monthly adjustment amount (IRMAA)). The 2024 IRMAA Brackets. If your income is above a certain limit, you’ll pay an income-related monthly adjustment amount in addition to your plan premium. 20 and savings of $2,577. For 2023, IRMAA kicks in if your 2021 MAGI was over $97,000; for married couples filing joint tax returns, above $194,000. 90 for 2023, while the annual deductible for all Medicare Part B beneficiaries declined by $7 to $226. 00: $170. 90 in 2023. This can add up to $839 more a year for Part B — in addition to the. $97,000 or less. What you pay in 2023: Premium: $164. Click here for the form. IRMAA is an extra charge added to your premium. Your 2023 IRMAA is based on your Modified Adjusted Gross Income (MAGI) from 2021. If your yearly income in 2022 was: File individual tax return File joint tax return File married & separate tax return You pay (in 2024):In 2023, individuals with modified adjusted gross income of $97,000 or more and married couples with MAGIs of $194,000 or more will pay additional surcharges ranging from an extra $65. Here are the IRMAA income brackets for 2022 2023, and 2024. Greater than $103,000 and less than. The 2018 Medicare Part D Income Related Monthly Adjustment Amounts (IRMAA) (and new income levels ) are shown in the charts below. 50 could be added to your Part B premium, and a maximum of $76. For 2023, the immunosuppressive drug premium is $97. Greater-income Medicare beneficiaries additionally. If you did not pay more than the standard amount then you are not eligible for IRMAA. 90 in 2023. Other beneficiaries pay Income-Related Monthly Adjustment Amounts (IRMAA), which vary by income level. Income-related monthly adjustment amount Total monthly Part B premium amount. You’ll pay the premium each month, even if you don’t get any Part B-covered services. 40 . The income-related monthly adjustment amount (IRMAA) has increased to $97,000 for individuals and $194,000 for couples. IRMAA is an additional fee that high-earning Medicare beneficiaries must pay each month. Most people do not pay any premium for Medicare Part A, but even. According to latest Medicare Board of Trustees report from the IRMAA brackets will increase by over 6. Initial Coverage Limit : will increase from $4,430 in 2022 to $4,660 in 2023. 1 Source: ssa. Starting in 2024 and lasting through 2030, the IRA limits Part D premium growth to no more than 6% per year. 2 The 2023 Star Ratings used for 2024 Quality Bonus Payments (that were made public in October 2022). The new 2024 monthly premium will be $9. $97. You also can't have assets, such as savings, investments and real estate, worth more than $16,660 if you're single or $33,240 if you are married and live with your spouse. 00. Part B IRMAA is the surcharge that can apply for Medicare Part B coverage. Consequently, people with an annual income under $170,000 who are at the low end of their 2021 IRMAA income bracket could see a decrease (-26% to -100%) in their IRMAA payments as they are moved to a lower 2022 IRMAA income. For Part D, the IRMAA surcharges range from an additional $12. Medicare-eligible retirees and their Medicare-eligible dependents can submit an IRMAA application if they paid above the standard amount of $170.