My income fluctuates significantly year to year from investment distributions. How can I avoid IRMAA surcharges when I have an unusually high-income year?
Answered by 7 licensed agents
Answered by David Bell on April 17, 2025
Agent Licensed in ID, AZ, CA & 8 other states
Answered by Diane Andree on April 11, 2025
Agent Licensed in NY
Answered by Don Golding on April 14, 2025
Broker Licensed in TX, AL, AR & 5 other states
Answered by Vachik Chakhbazian on April 11, 2025
Agent Licensed in CA, AL, AR & 22 other states
Answered by Kelly Linster on April 10, 2025
Agent Licensed in ND, AZ, CO, IA & SD
(in 2025 $106,000 if you file individually or $212,000 if you’re married
and file jointly), you’ll pay an extra amount in addition to your plan
premium (sometimes called “Part D IRMAA”). You’ll also have to pay this
extra amount if you’re in a Medicare Advantage Plan that includes drug
coverage. This doesn’t affect everyone, so most people won’t pay an extra
amount.
Answered by Robert Baez on April 11, 2025
Agent Licensed in IL
1. File an appeal (Form SSA-44) – If the high income was a one-time event (like a large capital gain or distribution), you can explain it to Social Security and ask them to adjust your premiums based on your current income.
2. Strategic timing – Try to spread distributions over multiple years, or take them in years when your income is lower, if possible.
3. Work with a financial advisor – They can help you plan distributions to stay under IRMAA thresholds and explore tax-efficient strategies.
Want help with the IRMAA appeal process or figuring out how this impacts your Medicare? I’m here to help!
Answered by Ryan Ross on April 16, 2025
Broker Licensed in FL, GA, KS & 9 other states
Tags: Advice for Seniors Medicare Part B Retirement
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