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Strategies & Market Trends : Young and Older Folk Portfolio
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To: QTI on SI who wrote (21988)11/6/2025 9:33:04 AM
From: Frank Sauer4 Recommendations

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One note that does not address your issue directly but may be relevant nevertheless: while your IRMAA is assessed based on the MAGI from two years prior (well, at the begining of a year, only the tax return of two years ago is available), it can be retroactively adjusted if your MAGI for the year in question turms out to be lower than two years prior AND there is some life changing event (retirement, change in workplace, ...). One can get the adjustment by filing form SSA-44 (“Medicare Income-Related Monthly Adjustment Amount – Life-Changing Event”). If accepted, you don't get your excess IRMAA payments returned to you immediately but the money is rather applied to the ongoing Medicare payments, i.e. there won't be new Medicare charges until your excess payments are used up.
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