IRMAA Explained: The Hidden Medicare Surcharge That Costs Retirees Thousands | Ideas by Mike™ EP60
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IRMAA Explained: The Hidden Medicare Surcharge That Costs Retirees Thousands | Ideas by Mike™ EP60
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Did you know crossing an income line by just $1 in retirement could cost you and your spouse thousands of dollars every year?
In this episode 60 of the Ideas by Mike, Mike Milligan, CFP sits down with Mark Annese, IRMAACP, a technologist, data analyst, and creator of the IRMAA Certified Planner designation (now merged with the National Social Security Association).
Mark Annese explains how the Income-Related Monthly Adjustment Amount (IRMAA) acts as a hidden tax surcharge on Medicare Part B and Part D premiums—and why most retirees don’t realize they’ve triggered it until it’s too late.
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Episode 60 of Ideas by Mike with Mark Annese, IRMAACP is also available on YouTube!