Table of Contents
This is the dump of my research about IRMMA
1. What is it
- extra premium costs you have to pay on medicareif your income was too high TWO YEARS PRIOR
2. How bad is it?
- up to ~$400/month total or ~$4500
- Judge that against the time spent to fight it or the financial gymnastics needed to avoid it.
3. At what income levels does it kick in?
- 2024 Married filing joint, starting at $204k MAGI
4. How can you get it reduced?
- Show that you have a "life changing event" (retiring) that affected your income
- File Social Security form SSA-44. Straight from the horses mouth: https://www.ssa.gov/medicare/lower-irmaa
- Very good summary article here https://smartasset.com/retirement/form-ssa-44
4.1. Your rubric - What the agents look at/do to determine if you "pass"
https://www.bogleheads.org/forum/viewtopic.php?t=419270
In researching what's needed to file form SSA-44 I came across this: https://secure.ssa.gov/poms.nsf/lnx/0601120030 -
(Program Operations Manual System (POMS) HI 01120.030 Life Changing Event (LCE) – Work Stoppage
This is the screen-shot-of-internal-systems step-by-step process the IRS uses inevaluating requests.
5. Good articles/summaries:
- Good overview, appeals
- https://smartasset.com/retirement/form-ssa-44
- Another good overview of medicare, appealing
- https://humbledollar.com/2021/10/fighting-irmaa/
- What could go wrong dealing dealing with the government?
- https://humbledollar.com/2023/06/crotchety-aunt-irmaa/