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Medicare: Your Income Plays a Role

Updated: Oct 2

If your income is higher, you’ll pay extra for Parts B and D.


This is called the Income-Related Monthly Adjustment Amount (IRMAA).


It’s based on your tax return from two years ago.


If your income drops, like when you retire, you can appeal and may pay less.








Disclaimer: This information is for educational purposes only. Benefits, costs, and coverage vary by plan and area. Medicare rules may change.

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Enrollment in a plan may be limited to certain times of the year unless you qualify for a Special Enrollment Period or are in your Medicare Initial Enrollment Period.


We do not offer every plan available in your area. Currently, we represent 11 organizations which offer more than 2,200 products in your area.

We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov, 1-800-MEDICARE, or your local State Health Insurance Program (SHIP) to get information on all of your options.
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Medicare Supplement insurance is available to those age 65 and older enrolled in Medicare Parts A and B, and in some states to those under age 65 who are eligible for Medicare due to disability, ALS (Amyotrophic Lateral Sclerosis, also known as Lou Gehrig’s disease), or End Stage Renal Disease. Medicare Supplement plans are not connected with or endorsed by the U.S. government or federal Medicare program. The Centers for Medicare and Medicaid Services (CMS) does not review or approve Medicare Supplement plan information. Medicare Supplement plans cannot be held with Medicare Advantage plans.

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For plans with Part D Coverage: You may be able to get Extra Help to pay for your prescription drug premiums and costs. To see if you qualify for Extra Help, call 1-800-MEDICARE (1-800-633-4227). TTY users should call 1-877-486-2048, 24 hours a day/7 days a week, or consult www.medicare.gov. You can also contact the Social Security Office at 1-800-772-1213 between 7 a.m. and 7 p.m., Monday through Friday (TTY: 1-800-325-0778 or www.socialsecurity.gov), or your Medicaid office.


You must have both Part A and Part B to enroll in a Medicare Advantage plan. Members may enroll in the plan only during specific times of the year. Contact the plan for more information. The purpose of this communication is the solicitation of insurance. Contact will be made by a licensed sales agent/producer or insurance company.


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Last Updated 10.01.2025​​​​​​

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