Divorced but Income Never Changed, Medicare Premiums Rise
Retirees who divorce after 60 may see Medicare premiums climb even as earnings stay the same. The culprit is filing s...
IRMAA
This irmaa tag page collects four articles that explain hidden Medicare surcharges, who they hit, and steps you can take now to limit costs and protect your retirement budget.
91 articlesLast Paycheck Included Weeks Triggers Medicare IRMAA Shock
A retiree discovered that a severance-heavy last paycheck can trigger a Medicare surcharge years later. This story ex...
Mistake Triggers $690 Medicare Premiums: A Planner's Guide
A retirement planner explains how one misstep on required minimum distributions can push Medicare bills higher throug...
Five-Percent CDs of 2024 Quietly Raise 2026 Medicare Premiums
A surge in 2024 five-percent CDs is quietly lifting Medicare premiums in 2026 through IRMAA, due to income reported t...
73-Year-Old with $2.4 Million Saw Medicare Premium Doubling
A high-net-worth retiree confronts a doubled Medicare Part B premium after a two-year IRMAA lookback on an IRA withdr...
Second Tax Window: What Sets Medicare Premiums at 65
As costs rise, actions at ages 63 and 64 become a deciding factor for Medicare premiums at 65. IRMAA surcharges drive...
Windfall Taxes: A $25,000 Scratch Ticket Medicare Surprise
A one-time lottery windfall can trigger IRMAA surcharges, lifting Medicare premiums for the following year. Here's ho...
$52,000 Trap Hits Retirees Who Delay Social Security to 70
High-income retirees who wait until age 70 to claim Social Security may face a hidden tax bill, Medicare surcharges, ...
Form Erase Your IRMAA: 60-Day Window After Life Event
A qualifying life event may lower Medicare IRMAA costs. The SSA-44 form offers a 60-day window to update income estim...
Why Age 63 Is the Most Expensive Year to Touch Your IRA
A large IRA move at 63 can trigger higher Medicare premiums for years, thanks to a two year income lookback. Near ret...
One-Time Roth Conversion Could Raise Medicare Premiums
A single Roth conversion at 64 can trigger higher Medicare premiums two years down the line due to IRMAA rules. Here'...
Sell Rental Property Once Triggers Medicare Hikes for Years
A single rental property sale can push Medicare premiums higher for two years due to a two-year MAGI lookback, compli...