June 8, 2008 by admin

2505. How Does the Income-Related Monthly Adjustment Amount Affect the Total Medicare Part B Premium?

The Income-Related Monthly Adjustment Amount (IRMAA) is only one part of the cost of a beneficiary's Part B premium. The amount a beneficiary ordinarily pays for Part B each month consists of:

• The Standard premium, plus

• Surcharges that may be due for late enrollment or reenrollment (if applicable), plus

• IRMAA (if applicable), minus

• Medicare Advantage reduction in premium credited (if applicable), see §127.5.

Last Revised: May 22, 2007