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IRMAA For Part D

Learn more about IRMAA for Part D below or click for your FREE no-obligation consultation.

WHAT IS IRMAA FOR PART D?

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 before 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 premium because your income applies to both circumstances.

HOW DO INCOME LEVELS CORRESPOND TO THE IRMAA IN 2023?

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:   

  • Less than $97,000 (Nothing added to your Part D premium)
  • More than $97,000 up to $123,000 (You pay an additional $12.20)
  • More than $123,000 up to $153,000 (You pay an additional $31.50)
  • More than $153,000 up to $183,000 (You pay an additional $50.70)
  • More than $183,000 but less than $500,000 (You pay an additional $70.00)
  • Beyond $500,000 (You pay an additional $76.40)

For those filing jointly, the income brackets are:     

  • Less than $194,000 (Nothing added to your Part D premium)
  • More than $194,000 up to $246,000 (You pay an additional $12.20)
  • More than $246,000 up to $306,000 (You pay an additional $31.50)
  • More than $306,000 up to $366,000 (You pay an additional $50.70)
  • More than $366,000 but less than $750,000 (You pay an additional $70.00)
  • Beyond $750,000 (You pay an additional $76.40)

To get your questions answered and learn more, reach out to our Medicare Specialist today.

Get The Right Medicare Plan Today

Dale Wondisford

MEDICARE SPECIALIST

14 Years experience helping hundreds of families get the best insurance policy to meet their needs.

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laina roy
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I have had the opportunity to have meet Dale approximately 7 years now. I have never had someone take the time to check what’s the best way to insure myself. He does a very in depth review of what was going on with health issues and the medications, in order to place me with an insurance that’s going to save on my costs
Mark Poff
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Dale is very knowledgeable and experienced working with the many offered medicare plans finding the best plan that benefits his clients which he did for my wife and I. I highly recommend Dale as I totally respect his judgement of which plan is best for the client.
Richard Hibbard
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Dale is really helpful he will get you a answer to any questions you may have. He even got on a three way call so we could hear what was going on. He always returns your call promptly. Dale is very knowledgeable about all types of insurance. Very friendly and no pressure tactics to buy. Would highly recommend Dale.