My Medicare part B IRmAA has exponent increased now at 362.60 when part b is 164.9

A) I understand that your Medicare Part B IRMAA has increased to $362.60, and your Part B premium is $164.90. The IRMAA is an income-related monthly adjustment amount that is added to your Medicare Part B premium if your income is above a certain level. The amount of the IRMAA is based on your modified adjusted gross income (MAGI) from two years ago. In your case, your MAGI must have been above $366,000.

There are a few things you can do to help pay for your higher Medicare Part B premium.

  • Apply for financial assistance. There are a number of programs that can help you pay for your Medicare premiums, deductibles, and copays. You can find more information about these programs on the Medicare website.
  • Consider a Medicare Advantage plan. Medicare Advantage plans are private health insurance plans that offer all of the benefits of Original Medicare, plus additional benefits like prescription drug coverage and vision and dental insurance. Many Medicare Advantage plans have lower premiums than Original Medicare.
  • Shop around for a Medicare supplement plan. Medicare supplement plans, also known as Medigap plans, can help you pay for your Medicare Part B deductible, copays, and coinsurance. There are 10 standardized Medigap plans available, each with its own set of benefits. You can compare plans and prices on the Medicare website.

If you have any questions about your Medicare Part B premium or the IRMAA, you can contact your Medicare plan or the Social Security Administration.

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