How to Save Money on your Medicare Premiums! (IRMAA 2024)

Have you heard of the Income Related Monthly Adjustment amount (IRMAA)? This means that some people pay more for their Medicare Parts B and D due to their higher income. However, Social Security bases your premiums on your income from 2 years ago, and many people earn less now than they did before because they retired. In this video, we teach you how to save money on your Medicare Premiums!

00:00 Introduction
00:27 How much is Part B?
01:02 IRMAA
01:16 How is it calculated?
01:40 What is included in my MAGI.
03:05 How to find out your cost!
03:38 IRMAA is evaluated each year
04:22 How to appeal your part b premium
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