Ep. 87 Why Is My Medicare Premium So High? Understanding IRMAA and the Two-Year Lookback

Send us Fan Mail Why are your Medicare premiums higher than expected, even after you've retired? In this episode of Not Just Numbers, Mike and Madison discuss Medicare's two-year income lookback rule and how it can affect your monthly premiums. They explain IRMAA (Income-Related Monthly Adjustment Amount), why earning just one dollar over an income threshold can trigger higher costs, and how certain life-changing events may qualify you for a premium adjustment using Form SSA-44. Learn why understanding these rules is an important part of planning for retirement and managing healthcare expenses.