Do you have to pay the monthly Medicare premium surcharge this year? It depends.

MAGI is your adjusted gross income. It determines whether you qualify for specific benefits. And with Medicare, it determines whether you will pay higher Part B and Part D premiums. If you have a ...

Nearly six million seniors owe extra Medicare premiums called Irmaa, and these charges are set to rise.

Most U.S. citizens age 65 or older qualify for free Medicare Part A (hospital insurance), but you will be responsible for ...

Every senior on Medicare should be intimately familiar with IRMAA — the initials that stand for Income Related Monthly Adjustment Amount. It’s the amount by which your Medicare Part B and Part D ...

The Medicare Modernization Act of 2003 may have created Medicare Part D (Prescription Drugs) but it also paved the way for Part B to be means tested, which is exactly what happened in 2007 and most ...

The increase comes at a time when health insurance costs are climbing steeply for people with employer plans and Affordable Care Act coverage. The upward trend adds pressure on Americans already ...

The IRMAA is one of the most significant costs retirees face and is a crucial part of retirement income planning. IRMAA is an extra charge added to your standard monthly premiums for Medicare Part B ...

As you calculate how much to withdraw from your retirement savings each year, it's essential to avoid money mistakes that could result in income-based tax penalties. Crucially, having a higher income ...

The Centers for Medicare & Medicaid Services (CMS) announced increases to Medicare Part A and Part B premiums and deductibles for 2026.

Medicare's annual open enrollment period runs from October 15 to December 7, allowing beneficiaries to change their health and drug plans. Premiums for traditional Medicare Part B are expected to see ...

With so many changes on tap for 2026, you should review all your plan options before selecting coverage. To see how plans compare, go to Medicare.gov for a side-by-side comparison of plan coverage, ...