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Employee
September 20, 2024
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IRMAA

  • September 20, 2024
  • 2 replies
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I know that MAGI determines how much IRMAA I have to pay. For Part D, the first IRMAA bracket for 2024 is an additional $12.90 per month. How is the $12.90 calculated and what are  the calculations for all the IRMAA brackets? I'm not referring to the MAGI brackets.

 

Best answer by dmertz

20 CFR § 418.1120 - How do we determine your income-related monthly adjustment amount?

https://www.law.cornell.edu/cfr/text/20/418.1120

 

20 CFR § 418.1115 - What are the modified adjusted gross income ranges?

https://www.law.cornell.edu/cfr/text/20/418.1115

2 replies

Employee
September 20, 2024

I believe those surcharges are calculated by government actuaries. 

mitchden1Author
Employee
September 20, 2024

I remember reading that each IRMAA level premium is a percentage of a base. I'd like to know the percentages for each level.

DoninGA
Employee
September 20, 2024

@mitchden1 wrote:

I remember reading that each IRMAA level premium is a percentage of a base. I'd like to know the percentages for each level.


Go to this SSA website for information - https://www.ssa.gov/forms/ssa-44.pdf

dmertzAnswer
Employee
September 20, 2024

20 CFR § 418.1120 - How do we determine your income-related monthly adjustment amount?

https://www.law.cornell.edu/cfr/text/20/418.1120

 

20 CFR § 418.1115 - What are the modified adjusted gross income ranges?

https://www.law.cornell.edu/cfr/text/20/418.1115