IRMAA for Part D

What is IRMAA for Part D based on?

IRMAA, whether it be for Part B or Part D premiums, is assigned based on your yearly income on your tax return in the two years prior to the current year.

The amount added is given according to the same income brackets for Part B. Also note that you will have an IRMAA for Part B as well, because your income applies to both circumstances.


How do income levels correspond to the IRMAA in 2021?

Medicare Part D premiums vary depending on the plan. There is no standard premium like there is for Part B. So, the additional costs will be given in reference to the amount paid extra, not including the Part D premium. 

For those filing independently, the income brackets are split into:

  • Less than $88,000 (Nothing added to your Part D premium)
  • More than $88,000 up to $111,000 (You pay an additional $12.30)
  • More than $111,000 up to $138,000 (You pay an additional $31.80)
  • More than $138,000 up to $165,000 (You pay an additional $51.20)
  • More than $165,000 but less than $500,000 (You pay an additional $70.70)
  • Beyond $500,000 (You pay an additional $77.10)

For those filing jointly, the income brackets are split into:

  • $176,000 or less (Nothing added to your Part D premium)
  • More than $176,000 up to $222,000 (You pay an additional $12.30)
  • More than $222,000 up to $276,000 (You pay an additional $31.80)
  • More than $276,000 up to $330,000 (You pay an additional $51.20)
  • More than $330,000 but less than $750,000  (You pay an additional $70.70)
  • Beyond $750,000 (You pay an additional $77.10)

For further information about IRMAA as it relates to Part D, call me today at (407) 924-8109. You can also email me at dale@medicareplans4us.com