The Income-Related Monthly Adjustment Amount (IRMAA) is an extra fee added to your standard Medicare Part B and Part D premiums. This fee is based on your modified adjusted gross income (MAGI) from two years prior.
How does IRMAA impact me?
If your MAGI exceeds certain thresholds, you may be subject to higher Medicare premiums. These higher premiums can significantly impact your healthcare budget.
Can Ohio Health Benefits help?
Yes! We can assist you in:
- Understanding IRMAA: We can explain the intricacies of IRMAA, including eligibility criteria and how it’s calculated.
- Determining your IRMAA status: We can help you determine if you’re subject to IRMAA and, if so, the amount of the surcharge.
- Exploring potential for a lower IRMAA: We can guide you through the process of appealing your IRMAA assessment if you believe your income information is inaccurate or if you’ve experienced a life-changing event.
- Finding affordable coverage options: If IRMAA significantly impacts your budget, we can help you explore other Medicare coverage options that may be more affordable.
Don’t let IRMAA strain your finances.
Contact Ohio Health Benefits today to learn more about IRMAA and how we can help you navigate your Medicare coverage. Our team is here to guide you with any questions you may have. Call us at 330-633-7713 and let’s navigate the specifics together.
