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Are Irmaa Brackets Indexed?

Sarah Jenkins • • 5 min read
Are Irmaa Brackets Indexed?

IRMAA started to be indexed to inflation Jan 1, 2020
This translates to an additional $2,000 to for single filers and $4,000 for joint filers just for 2021. And the brackets will continue to be adjusted for inflation going forward, with the exception of the top bracket (Tier 6), which won't be indexed until 2028.

Is Irmaa indexed?

This IRMAA surcharge is in addition to the standard Part B premium and any premium associated with their Part D plan. 2020 IRMAA amounts were based on a beneficiary's reported income from 2018. In 2020, the income brackets that determined Medicare IRMAA costs were indexed according to inflation.

Do Irmaa brackets change?

If your income two years ago was higher and you don't have a life-changing event that makes you qualify for an appeal, you will pay the higher Medicare premiums for one year. IRMAA is re-evaluated every year as your income changes.

Sarah Jenkins
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Sarah Jenkins

Sarah Jenkins is a veteran tech journalist with over 12 years of experience covering artificial intelligence, mobile innovations, and digital ethics. Her insights have appeared in leading technology publications worldwide.