I retired in August 2026 and want to take a large retirement-account withdrawal this year, which would push my 2026 MAGI above the IRMAA threshold. Since my income will be lower in 2027 due to retirement, could I use the work-stoppage life-changing event to have my 2028 IRMAA based on my lower 2027 income instead?

Answered by 2 licensed agents

2028 Medicare premium will be based on 2026 MAGI. I do encourage you however to file an SSA-44 regarding one of 7 life events that could be considered by Social Security should they determine to lower or waive your IRMAA. However, if you do not ask for relief, your 2029 premium will automatically be lower as a result of your lower earnings in 2027.

Answered by Heather Majka on August 25, 2026

Broker Licensed in TN, AL, AR & 20 other states

Answered by Heather Majka Medicare Insurance Agent

Answered by Voss Speros on August 24, 2026

Broker Licensed in AZ, CA, CO & 20 other states

Answered by Voss Speros Medicare Insurance Agent

Tags: Advice for Seniors Coverage The Medicare System

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