Should I worry about my income effecting my Medicare eligibility?

Question

Terri Reagin · Accepted Answer

This answer is provided in a video format. Watch the agent's video response here: https://medicareagentshub.com/questions/should-i-worry-about-my-income-effecting-my-medicare-eligibility#terri-reagin

Christy Jones · Answer

There are many financial issues that affect someone’s eligibility/premiums with Medicare. Some beneficiaries automatically qualify for Medicare if they’ve been on disability for 24 months. Some beneficiaries can get lower prescription and premium costs (called Low Income Subsidies) based on a lower income. Some beneficiaries have an increase in the Medicare premiums if they have a higher income. This is called an ‘Income Related Monthly Adjustment Amount’, or IRMAA.

Answered by Christy Jones on July 22, 2025

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

Answered by Christy Jones Medicare Insurance Agent

Steve Houchens · Answer

Your income will not affect your Medicare eligibility. What it could affect is how much your part B premium would be. That is based on your annual income and the standard is $185 a month , but if your income is over a certain amount that premium can go up and also if your income is low enough, you can also get extra help to help pay for that premium. But your income loan will not affect your eligibility for Medicare that is based on age, and if you have paid in enough over the years to qualify for it

Answered by Steve Houchens on July 22, 2025

Agent Licensed in KY & TN

Answered by Steve Houchens Medicare Insurance Agent

Steven Lovell · Answer

Your income will not affect your eligibility. However, it will affect the premium that you pay. You could suffer a penalty with the more income you make. This pertains to IRMAA.

Iris Olive · Answer

Income can play a factor in how much you pay for Medicare parts. It’s best to discuss this with a trusted licensed insurance broker

Inga Roth-Kennedy · Answer

No.  People turning and over 65 or younger people with a disability or End Stage Renal Diease and/or ALS are eligible for Medicare Parts A and B.

Andrew Kramer · Answer

No, your income has nothing to do with your Medicare eligibility. But your income will effect your monthly Part B premium, if it's over a certain amount.

Jack Mayer · Answer

If you will be eligible for Medicare with earnings over a certain threshold then you will pay more for Part B of Medicare, if you would like more information reach out to me.

Adam Morillo · Answer

Medicare eligibility isn’t based on income, so most people don’t need to worry. However, higher-income individuals may pay more for Medicare Part B and Part D through IRMAA (Income-Related Monthly Adjustment Amount). This is based on your tax return from two years ago, but you can appeal if your income has gone down.

Answered by Adam Morillo on July 24, 2025

Broker Licensed in FL, AR, CO & 12 other states

Answered by Adam Morillo Medicare Insurance Agent

Jim Carroll · Answer

The only income question on Medicare.gov "Estimate when I'm eligible for Medicare" page asks, "Have you worked at least 10 years for which you paid Medicare taxes?". https://www.medicare.gov/eligibilitypremiumcalc#/eligibility

A high income earner might pay more than the standard Part B premium. The amount is based on your modified adjusted gross income on your IRS tax return from 2 years prior to the current plan year. For 2025, the threshold for an individual tax return is $106,000 and $212,000 for a joint tax return. https://www.medicare.gov/publications/11579-medicare-costs.pdf

Should I worry about my income effecting my Medicare eligibility?

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Should I worry about my income effecting my Medicare eligibility?

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Seniors: Ask a Question of Your Own

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A non-government resource website