Income Related Monthly Adjustment IRMA:
Higher earners pay more for Part B and Part D!
For 2020, the standard Part B premium amount is $135.50
Unless you are a high earner (see IRMA chart).
Medicare recipients receiving Social Security benefits PRIOR to 2017 will pay $109 for their Part B premium. This is because there was a cost of living increase for 2018 of 0.3% in Social Security benefits.
You’ll pay a different amount for your Part B if:
You enrolled in Part B for the very first time in 2020
You don’t get Social Security benefits
You are directly billed for your Part B premiums.
You have both Medicare and Medicaid and Medicaid pays your premiums. Your state will pay the standard premium amount of $135.50.
Your modified adjusted gross income as reported on your IRS tax returns from 2 years ago was above a certain amount (see chart).
Hi, I’m Erin Hawkins the Executive Director of the Senior Health Department. My staff and I are working with your marketer to process your contracting, appointments, check certifications and follow up on pending applications.
