How to Avoid the Medicare IRMAA Premium Hit

Smart moves can help you dodge costly Medicare surcharges.
How to Avoid the Medicare IRMAA Premium Hit
Keep Medicare premiums down with tax-smart strategies. THICHA SATAPITANON/Shutterstock
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If you’re a high earner approaching the Medicare age of 65 or are already receiving these benefits, you may have to pay a surcharge on your Medicare Part B and Medicare Part D premiums.

This is known as the income-related monthly adjustment amount (IRMAA). And it could mean you’d pay more than twice as much for Medicaid than the average citizen.

Javier Simon
Javier Simon
Author
Javier Simon is a freelance personal finance writer for The Epoch Times. He specializes in retirement planning, investing, taxes, fintech, financial products and more. His work has been featured by major publications including Fox Business, The Motley Fool, NerdWallet, and Money Magazine.