10. $194,000 or less. 00. Medicare-eligible retirees and their Medicare-eligible dependents can submit an IRMAA application if they paid above the standard amount of $170. 90 (down from $170. However, for those earning. The standard monthly premium for Medicare Part B enrollees will be $174. Thanks,. 45% on all earnings, even those above the maximum Social Security tax limit. Total Monthly Premium Amount. That surcharge is known as an Income-Related Monthly Adjustment Amount, aka IRMAA. IRMAA is an extra charge added to your premium. They will pay $164. IRMAA surcharges have grown steadily. Medicare Part B Premium: $329. 90 a month. gov. According to the announcement, only 7% of beneficiaries pay more than the basic premium. The standard monthly premium applies to those claiming less than $97,000 per year in modified adjusted gross income on an individual tax return, or $194,000 on a joint return. 10 in 2022 and that’s just a one-time charge!I updated my 2024 projections for retirement account contribution limits, Social Security COLA, and Medicare IRMAA income brackets from the latest inflation numbers. The Part B insurance premium is set annually by the CMS. 462. Medical equipment. The income thresholds for premiums to be paid during 2023 are known. Premiums start to increase for individuals who made $97,000 in 2021 or joint filers who made $194,000. The maximum total Part B premium in 2023 will be $560. Preventative care. $0. Income-related monthly adjustment amount. 80 from $164. More than or equal to $750,000. 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. (In 2023, the threshold will be $97,000 for individuals filing a single return and married individuals filing a separate return, and $194,000 for married individuals filing a joint return. Most beneficiaries do not have to pay higher premiums. 70 for 2024, an increase of $9. Preparing for Medicare IRMAA brackets in 20232024 Part D IRMAA for Individuals; Income Category: Your 2024 Costs: Change from 2023: Less than $103,000 (<$97,000 in 2023) $0:. Total Monthly Premium Amount. 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. 50 a month, depending on income. On November 12, 2021, the Centers for Medicare & Medicaid Services (CMS) released the 2022 premiums, deductibles, and coinsurance amounts for the Medicare Part A and Part B programs, and the 2022 Medicare Part D income-related monthly adjustment amounts. She will not be subject to IRMAA in 2023 because her income is below the $97,000 threshold; Her 2023 Medicare Part B premium will be $164. 60. 40 per month to $491. 2021 Joint tax return. S. gov. 70 (normal $164. It’s an extra charge added to your standard Part B premium if your Modified Adjusted Gross Income (MAGI) exceeds a certain threshold. Income-related monthly adjustment amount. Income has a direct impact on how much you pay for Medicare. 40. 3 Lessons Learned From a. Please note that an individual with MAGI between $133,500 and $160,000 will see a monthly IRMAA increase from $34. 60. 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 exceeds certain thresholds, you could be subject to the income-related monthly adjustment amount (IRMAA). 50 a. In addition to the standard premium for their Part D plan (which varies, depending on the plan), high-income beneficiaries will pay a surcharge of $12. MenuMost Medicare beneficiaries pay the standard amount for Medicare Part B premium, which will be $164. Summary. 70 and the. 00: $170. 10 for. 90 per month (no IRMAA surcharge). We live in a world where taxable income is more important than gross income because it dictates our income tax bracket. 2022 Extra Help Income Limits: Full Subsidy––Below 135% of poverty guidelines (below $18,588 for an individual and. And the income ceiling for contributions to Roth IRAs was also raised to account for inflation. Roth Conversion with Social Security and Medicare IRMAA A step-by-step walkthrough of how to use the Case Study Spreadsheet to estimate tax rates on Roth conversion with Social Security and Medicare IRMAA. I still owe $200K on the mortgage (small fraction for CA home), but won't pay off early since cashing in 401-K will trigger capital gains "income". 20 to $164. Below are the six income threshold tiers for 2023. Less than or equal to $194,000. IRMAA tiers. More than or equal to $500,000. a full deduction up to the amount of your contribution limit. That surcharge is known as an Income-Related Monthly Adjustment Amount, aka IRMAA. 40 could be added to your Part D premium. 10 per. Then there was another $31. The 2021 low income will determine your 2023 IRMAA. Our 2021 income was going to escalate my premiums by two levels with Aunt IRMAA—or so I was initially informed. $194,000 or less. All gains above those amounts do, though. 50 a month extra for Part D drug coverage, although I take no medications. Revenue Service (IRS) tax return from 2 years ago is above a certain amount, you may pay an Income Related Monthly Adjustment Amount (IRMAA). $103. The IRMAA Income Limits for 2024 only applies to those whose 2022 modified adjusted gross income was: Greater than $103,000 (if you’re single and file an individual. 13 Jul 2023 13:50:00IRMAA is a surcharge for people currently on Medicare that have income above a certain limit. 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. This optional form is filled out once per person. 90. The higher the beneficiary’s range of modified adjusted gross income (MAGI), the higher the IRMAA. Those who earn more than that amount will be subject to Medicare IRMAA amounts according to the IRMAA income limits displayed. 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. If you've had a life-changing event that reduced your household income, you can ask to lower the additional amount you'll pay for. $103k is almost certainly going to be the actual number for 2024 (based on 2022 income) for a single. For couples who file a joint tax return, that threshold is $194,000 per year. Medicare Part B Income-Related Monthly Adjustment Amounts. When it comes to Capital Gains affecting IRMAA there is one saving grace: the sale of a primary residency. 73% to. The standard monthly premium for Medicare Part B decreased from $170. My husband turns 65 in 2025 and we know that any IRMAA penalty will be based on our income this year. For 2024, the Part B premium is $174. HI 01100. The standard Part B premium is $164. will increase from $4,660 in 2023 to $5,030 in 2024. Just like with your Part B coverage, you’ll pay an increased cost if you make more than the preset income level. 80 from $164. Total monthly premium amount. Note that it is not IRMMA (just like HIPAA is not HIPPA). 50 in 2024. No income for 2 years since laid-off and hitting 65 in a few months. The following are the income thresholds that apply for the 2023 tax year: Part B IRMAA Brackets : Individuals with a 2021 income of $97,000 or less (or married couples filing jointly with an income of $194,000. $97,000 or less. Have been using the Finance Buff site to estimate the 2024 IRMAA limits - would fellow Bogleheads consider this site a reliable source to estimate the 2024 (for 2022 income and don't want to accidentally "fall off the cliff" into the next higher bracket) the IRMAA limits?. 00. 20 to your 2022 monthly Medicare Part B premium, increasing it from $170. 2023 IRMAA Brackets. The numbers depicted here are based on the Social Security Administration’s (SSA) most current records. 00. 2. It is expected that tiers 1-4 will increase by 2% year over year. $97,001 – $123,000. Initial Coverage Limit : will increase from $4,430 in 2022 to $4,660 in 2023. If they have income of $194,001, (just $1 more!) they will each pay $230. less than $412,000 ; $326. 020: IRMAA Sliding Scale Tables: TN 27 10-23: HI 01101. Total Monthly Premium Amount. 60 per month , up from $230. I have a fat 401-K, so no real money worries (unless both stocks and bonds crash, plus inflation). The article assumes IRMAA for 2021 applies to 2022 and 2023. IRMAA for 2022 and 2023 have not been published yet. The Medicare Part B deductible will increase to $240 in 2024. Less than or equal to $88,000 . The agency can also withhold Part C and D. 20, depending on income. However in 2023, 2024, and 2025 there is no maximum income limit, and premiums are limited to 8. 10 It'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. Traditional IRAs. IRMAA Brackets. You will only need to pay an IRMAA if your annual modified adjusted gross income (MAGI) exceeds a predetermined amount. One dollar over the limit, and you pay the penalty all year. Today, the Centers for Medicare & Medicaid Services (CMS) released the Announcement of Calendar Year (CY) 2023 Medicare Advantage (MA) Capitation Rates and Part C and Part D Payment Policies (the Rate Announcement). (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. 90 each month ($174. 90 per month for anyone with an income under the IRMAA limit. Other beneficiaries pay Income-Related Monthly Adjustment Amounts (IRMAA), which vary by income level. See the chart below to find how much your IRMAA payment will be in 2023. Similar for me. For 2023, IRMAA kicks in if your 2021 MAGI was over $97,000; for married couples filing joint tax returns, above $194,000. We also expect the IRMAA threshold will increase to more than $91,000 for individuals and $182,000 for joint. Your filing status makes a difference too. It is expected that tiers 1-4 will increase by 2% year over year. 70: Greater than $103,000 and less than or equal to $129,000We are clearly above the current $182k MAGI limit, but I read one article that estimates the limit could be $190k for 2021 income when they look back in 2023. 70. However, high earners could be saddled with a monthly payment of up to $560, depending on their income bracket. 80 in. 60/month for. IRMAA surcharges for Part B are also. 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. 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. More people will qualify for the full Medicare Part D Low-Income Subsidy (Extra Help) in 2024. IRMAA still applies if you have a high income. This means that the IRMAA Brackets, by law, will increase at the same rate. For example, the highest income bracket for Part B now starts at $750,000 of MAGI, instead of $500,000. IRS adjusting tax brackets upwards by 5. The standard monthly premium for Medicare Part B enrollees will be $174. You’ll be subject to an IRMAA in 2024 if your 2022 reported income exceeded $97,000 on an individual tax return or $147,000 for a married couple filing jointly. 2021 Married & filing separate. The standard Medicare Part B premium will increase to $174. Calendar Year (CY) 2024 Medicare Physician Fee Schedule Final Rule. 90 per person, and they only go higher, depending on your income. The annual deductible for all Medicare Part B beneficiaries will be $240 in 2024, an increase of $14 from the annual deductible of $226 in 2023. This is down $5. $0. Another way to get a tax benefit for Medicare premiums: You can. 70. The annual deductible for all Medicare Part B beneficiaries will be $240. 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. 3 For 2023, the base premium for Part B is $164. Plus, individuals with earned income of more than $200,000, or. After your income surpasses that, you'll enter the phase-out range, and your. For example, a single, healthy 65-year-old woman who lives to age 89 with $100,000 in current annual income and starts retirement in the second IRMAA income tier ($85,001-$107,000 in 2019) would. Because the sum of the Sep 2021 to Nov 2021 CPI-U values is 828. You are new to Medicare in 2024. For 2023, the amount of earnings that will have no effect on eligibility or benefits for SSI beneficiaries who are students under age 22 is $8,950 a year. 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. They are including 85% of their Social Security in their taxable income and are in the 22% tax bracket for 2023. This IRMAA creates a surcharge you must pay in addition to the standard premiums. The standard Part B premium in 2023 is $164. 10. According to the Medicare. Less than or equal to $97,000. The first income threshold for 2023 Medicare premiums will be at least $95,000 if the average CPI-U for Sep 2021 to Aug 2022 is at least. Less than or equal to $103,000. The 2023 IRMAA Brackets are: GET YOUR FREE MEDICARE IRMAA AND SOCIAL SECURITY STRESS TEST GET YOUR FREE REPORT NOW Do IRMAA. com. Less than or equal to $103,000. About the Program. Please reference our article with Important Tables for 2023 to see the Federal Income Tax Brackets and IRMAA thresholds. 90, but IRMAA can raise this amount by up to $395. The current Medicare costs and IRMAA brackets can be found at this link. The IRMAA income brackets for 2023 determine whether you’ll be subject to the additional surcharge and how much you’ll have to pay. These amounts are added onto your Part B and Part D each month. Less than or equal to $97,000. 80 for a total of $3955. For 2023, the standard Medicare Part B premium is $164. They will pay $164. depending on your income. 15 for generic prescriptions and $10. 80 (compared to $238. IRMAA is a surcharge that people with income above a certain amount must pay in addition to their Medicare Part B and Part D premiums. 70 for 2024, an increase of $9. 50. 10. In 2024, if your income. (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. 00. If you are over 63 and have a high income, this Roth conversion calculator shows the projected Medicare Income-Related Monthly Adjustment Amount (IRMAA) you may pay per month starting in 2025. Then 2023 for 2025; 2024 for 2026; and so on. 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. The monthly premium for that tier will be $230. 80 and $560. 280. In 2024, if your income. $97. The term ‘ IRMAA ‘ stands for Income-Related Monthly Adjustment Amount. The standard deduction is the fixed amount the IRS allows you to deduct from your annual income even if you don’t itemize your tax return. Ultimately the cost (tax) for having too much money while in Medicare is only going to increase in 2024. 001 Overview of New Initial Determinations on the Income-Related Monthly Adjustment Amount (IRMAA) Using Beneficiary Provided Information HI 01140. The annual deductible for all Medicare Part B beneficiaries will be $240 in. Less than or equal to $103,000. The Roth IRA contribution limit for 2023 is $6,500 for those under 50, and $7,500 for those 50 and older. Medicare Part D Premium Increase Limits. For that 7%, the premium is structured as a two-part assessment: the basic assessment of $164. For example, FY 2023 Income Limits are calculated using 2017-2021 5-year American Community Survey (ACS) data, and one-year 2021 data where possible. 4 million in 2019 and then drop to 3. 90. 70, increasing by about $9 from the previous year. FAS Project on Government SecrecyThe standard deduction for couples filing jointly is $29,200 in 2024, up from $27,700 in the 2023 tax year. 70 per month in this bracket in 2023. Income Category: Your 2023 Costs: Change from 2022: Less than $103,000 (<$97,000 in 2023) $0:. The usual Half B premium is $164. (In that program, private insurers. $97,000 or less. The expected monthly savings for enrollees of Extra Help is $425. the beneficiary’s adjusted gross income (AGI) (found on line 11 of the Internal Revenue Service (IRS) tax filing form 1040), plus. The income-related monthly adjustment amount (IRMAA) sliding scale is a set of statutory percentage-based tables used to adjust Medicare Part B and Part D prescription drug coverage premiums. Total Monthly Premium Amount. Find out how Medicare premiums are calculated and how your income is taken in to consideration. Medicare IRMAA is a monthly adjustment amount that higher income earners must pay more for Part B and D premiums. 40 per month per person. My total Medicare Part B premium for 2023 was set to climb from the standard $164. That amount changes from year to year, but it's generally consistent for most Medicare enrollees. It is possible that the increase in Social Security income in 2023 could trigger IRMAA for some retirees in 2025. File individual tax return. 90 per month. are considered Medicare Part D plans and members with higher incomes may be subject to the Medicare Part D Income Related Monthly Adjustment Amount (IRMAA. $0. These rates also increased for 2024, and the rate brackets have been updated: Those with income from $103,001 to $129,000 on an individual return or from $206,001 to $258,000 on a joint return will pay $244. IRA contribution limits for 2024 The IRA contribution limits for 2024 are $7,000 for those under age 50, and $8,000 for those age 50 or older. The current Medicare costs and IRMAA brackets can be found at this link. 65%. 80 IRMAA surcharge) Medicare Part D Premium: $31. If I have 2022 earnings of $202,001 then I would go to the next IRMAA tier in 2024 and pay the increased Plan B premium in 2024. However, if your individual income goes above $97,000, or $194,000 if filing taxes jointly, you'll pay the following income-related monthly adjustment amounts (IRMAA) in addition to the standard premium: · $238. Call TTY +1 800-325-0778 if you're deaf or hard of hearing. However, by law, the IRMAA Brackets adjust according to the Consumer Price Index for Urban Consumers (CPI-U). 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. 10 The same income tiers apply to Part D prescription drug plans, with IRMAA surcharges ranging from an additional $12. 90 per month. 80 and $560. Understand your Medicare coverage in 2023. If you go over the IRMAA cliff in 2022 (for 2024 premiums), you pay the IRMAA for 2024 only. 2023 Housing Income Limits (HILS) - Effective January 1, 2023. If a conversion puts you over the limit then you pay IRMAA 2 years later. The COLA in 2024 is likely to cover the full Part B premium for most people. However, for those above the IRMAA threshold, premiums range between $230. If your income has gone down, you may also use Form SSA-44 to request a reduction in your income-related monthly adjustment amount. This brief video outlines the 2023 Medicare Part B Premium Amounts as well as the Income Related Monthly Adjustment Amounts (IRMAA) for both Part B and Part. For 2023, the thresholds are $97,000 and $194,000. From 2022 to 2023 the CPI-U, if inflation remains constant, will increase by 5. The IRMAA surcharge is added to your 2023 premiums if your 2021 income was over $97,000 (or $194,000 if you’re married). Q6. Medicare recipients with 2022 incomes exceeding $103,000 (single filers) or $206,000 (married filing jointly) will pay a premium between $244. 10 in 2022. Combined Medicare Part B premiums and IRMAA surcharges will range from $220. If your yearly income in 2022 was: File individual tax return File joint tax return File married & separate tax return You pay (in 2024): Other beneficiaries pay Income-Related Monthly Adjustment Amounts (IRMAA), which vary by income level. Any changes to your income and IRMAA premiums can be appealed. The first IRMAA MFJ threshold could be less than $194k for the Medicare premiums to be paid during 2024. HI 01120. 70 (normal $164. Medicare Part B Premium: $329. The annual deductible for all Medicare Part B beneficiaries will be $240 in. Nov 02, 2023. Effective January 1, 2007, Part B beneficiaries with incomes above a certain threshold amount (about 4% to 5% of all Part B beneficiaries) are subject to an adjustment of the amount of the premium that they must pay for Part B insurance. It says the "projected" 1st IRMAA tier in 2025 for a MCFJ in 2023 will be 212k, if inflation is 3% for this year. High-income households pay an extra charge—IRMAA—on top of the standard Medicare premium. Re: IRMAA Question. 90 per month in 2023. 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. 0 million IRMAA applicability and amounts are recalculated annually. The Medicare portion of the FICA payroll tax is 1. The federal government will collect $20. IRMAA concerns for 2025. [RELATED: 2023 Medicare Part B Rates Announced] IRMAA brackets are different from tax brackets. The COLA in 2024 is 3. RMD Effect Address required minimum distribution (RMD) requirements well in advance of the. If you are expected to pay IRMAA, SSA will notify you that you have a higher Part D premium. What are the 2024 IRMAA Brackets? Nothing is official yet, but by law the IRMAA Brackets adjust according to the Consumer Price Index for Urban Consumers (CPI-U). 280. 06%. They both plan on retiring on July 1, 2024 and will. This income is based on your MAGI (Modified Adjusted Gross Income) from your 2021 Tax Return. $0. “The higher premiums are referred to as an Income-Related Monthly Adjustment Amount or IRMAA, and in 2021, IRMAA surcharges apply to individual Medicare beneficiaries who earn more than $88,000. The estimated average monthly premium for Medicare Part D stand-alone drug plans is projected to be $43 in 2023, based on current enrollment, a 10% increase from $39 in 2022 – a rate of increase. Less than or equal to $91,000. This can add up to $839 more a year for Part B — in addition to the. The IRMAA Brackets in 2019 were: As it can been seen since 2007 the IRMAA surcharges have grown over time and in some ways they have grown substantially. Total Monthly Premium. IRMAA charges are determined by using the modified adjusted gross income (MAGI) reported on your taxes from two years prior. 2 The 2023 Star Ratings used for 2024 Quality Bonus Payments (that were made public in October 2022). For Part D, the IRMAA surcharges range from an additional $12. For individuals the first $250,000 capital gain and for couples the first $500,000 capital gain does not count towards IRMAA. 80 in 2024. 84%. Qualifying for full-LIS benefits in 2023: If your income is below 135% of the FPL in 2023 ($19,683 if you are single or $26,622 for married couples), you could qualify for the full Low-Income Subsidy (resource limits also apply - see charts below). 90 (down from $170. Monthly Medicare Premiums for 2023. The chart shows they’ll pay about 23% in taxes on their Traditional IRA withdrawals if they convert $115k before their income hits the first threshold for IRMAA. Total Monthly Premium Amount. Income-Related Monthly Adjustment Amount Total Monthly Premium Amount. This is a two-year lag, so more current trends in median family income levels are not available. 70 in 2024). 50 a month during 2023, down from a peak of $578. If your income is above a certain limit, you'll pay an income-related monthly adjustment. 70. The usual Half B premium is $164. 50 a month or $6,732 for the year. 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. 5% of your income for the benchmark plan (2nd lowest price silver plan). If your income is above a specific. by Devin Carroll. 20 to $76. By current law the IRMAA Brackets must adjust with the rate of inflation on an annual basis, but at any point Congress can change the rules. 49 in 2023 to $55. 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. In your example, your MAGI for 2022 determines your IRMAA (or not) for the single year of 2024. According to the Medicare Board of Trustees, who oversee the financial operations of Medicare, costs of. You’d pay a surcharge of $937 in 2023. 00. In the latter filing scenario, Part B premiums are $238. Minimizing Taxes In Retirement is a sure way to increase your retirement income. IRMAA stands for the Income Related Monthly Adjustment Amount that is added to some people’s Medicare premiums. 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. The Part D IRMAA brackets remain unchanged. 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. Total Monthly Premium Amount. the beneficiary’s adjusted gross income (AGI) (found on line 11 of the Internal Revenue Service (IRS) tax filing form 1040), plus. Unfortunately, though, the Medicare Part B premium inflated by 5. 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). 20 per month or -3. 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. And the more you earn, the more you’ll pay. Just like with your Part B coverage, you’ll pay an increased cost if you make more than the preset income level. Applying for Medicare Extra Help can be done online, in person at a local Social Security office, or by phone at 800-772-1213. That surcharge is known as an Income-Related Monthly Adjustment Amount, aka IRMAA. 2 Or 2020 if 2021 isn’t available. 2. Less than or equal to $194,000. The good news, however, is that the IRMAA brackets are also indexed for inflation. In 2023, the threshold is $97,000 for a single individual; in 2024, it’s $103,000 for a single person. 2025 IRMAA Per Person. As it can be seen through the changes from 2007 to 2011, thankfully, the IRMAA income thresholds increased by roughly 1. When it comes to Capital Gains affecting IRMAA there is one saving grace: the sale of a primary residency. 00. If your modified adjusted gross income as reported on your IRS tax return from 2 years ago is above a certain amount, you'll pay the standard premium amount and an Income Related Monthly Adjustment Amount (IRMAA). The monthly premium for that tier will be $230. We also expect the IRMAA threshold will increase to more than $91,000 for individuals and $182,000 for joint. 90 in 2023. 4th.