Every senior on Medicare should be intimately familiar with IRMAA — the initials that stand for Income Related Monthly ...

Understand the critical two-year lookback period and why aggressive planning before you enroll in Medicare is the most ...

Dear Toni: I began taking required minimum distributions from my 401(k) when I turned 72, and my Medicare premium in 2024 is $454.20 for Part B and $53.80 for Part D. Did taking my RMDs with my Social ...

MAGI is your adjusted gross income. It determines whether you qualify for specific benefits. And with Medicare, it determines whether you will pay higher Part B and Part D premiums. If you have a ...

Better beware, because if you go even $1 over an important income threshold, your Medicare premiums could rise exponentially ...

Higher-income earners who get sticker shock from the surcharges on their monthly Medicare premiums should make sure they’re delving into strategies to reduce the fees, according to advisors. The ...

I just received a Social Security notice that my modified adjusted gross income was over the income-related monthly ...

It’s not a penalty — it’s a surprise tax hike disguised as a Medicare premium.” That’s how I describe one of the sneakiest ...

America's seniors will pay more for their health care in the new year, as the Centers for Medicare and Medicaid Services (CMS) has announced that premiums for its Part B plan will increase by about 6% ...

The information on this website may assist you in making personal decisions about insurance, but it is not intended to provide advice regarding the purchase or use of any insurance or insurance ...

The Medicare Modernization Act of 2003 may have created Medicare Part D (Prescription Drugs) but it also paved the way for Part B to be means tested, which is exactly what happened in 2007 and most ...