Part 5: Medicare Part B Premiums & IRMAA Explained — What to Expect in 2026

💵 Medicare Part B Premiums & IRMAA Explained — What to Expect in 2026

Every year, Medicare adjusts its Part B premiums and income-related surcharges.
In 2026, the standard Part B premium is **projected at about $206.50/month** (up from $185/month in 2025).
This guide breaks down how your income affects your premium with IRMAA (Income-Related Monthly Adjustment Amount), how it’s calculated, and what you can do if your income has recently dropped.


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1️⃣ The Standard Part B Premium in 2026

According to the Centers for Medicare & Medicaid Services (CMS) and the Medicare Trustees Report, the standard Part B premium is projected at around $206.50 per month in 2026.
While this is an estimate, the final figure will be announced by CMS in the fall of 2025.

💡 The 2025 standard Part B premium was **$185.00/month** — this gives a reference point until the 2026 number is finalized.

2️⃣ What IRMAA Means & Who Pays It

IRMAA is an income-related surcharge applied to higher-income Medicare beneficiaries. The Social Security Administration (SSA) uses your modified adjusted gross income (MAGI) from two years earlier to determine whether you owe IRMAA.
For 2026 premiums, your 2024 MAGI is the key basis.

⚠️ IRMAA applies not only to Part B but also to Part D (Prescription Drug) premiums if you exceed the income thresholds.

3️⃣ 2026 IRMAA Income Brackets (Table) *

Below is an **estimated table**, based on current projections and not yet finalized.

Filing Status2024 MAGIEstimated Monthly Part B Premium (2026)
Single / Head of Household≤ $103,000≈ $206.50 (projected standard)
$103,001 – $129,000≈ $279 – $290 (projected surcharge applied)
$129,001 – $161,000≈ $330 – $415 (projected)
$161,001 – $193,000≈ $400 – $540 (projected)
≥ $500,001≈ $700+ (projected highest tier)
Married Filing Jointly≤ $206,000≈ $206.50 (projected standard)
$206,001 – $258,000≈ $279 – $290 (projected)
≥ $750,001≈ $700+ (projected highest tier)

* These brackets and amounts are illustrative projections only and may differ when CMS publishes the final figures.

4️⃣ How to Request a Reconsideration (Life Change Event)

If your income has dropped since 2024 due to a major life event, you can ask SSA to reconsider your IRMAA.
Submit Form SSA-44 and provide proof of the event and your new income.

  • Work stoppage or reduction (retirement, lay-off)
  • Marriage, divorce, or death of a spouse
  • Loss of pension income or property settlement
✅ If approved, SSA will adjust your premium retroactively and refund any overpayment.

5️⃣ Smart Planning Tips to Manage IRMAA

  • Use tax-efficient withdrawals from retirement accounts to manage MAGI.
  • Consider Roth conversions early (before RMD age) to reduce future taxable income.
  • Time large capital gains or one-time distributions strategically so you stay below IRMAA thresholds.
  • Understand that MAGI = AGI + tax-exempt interest + foreign income exclusions.
Example — Managing IRMAA with retirement income:
Susan (67) has $180,000 MAGI in 2024 due to a large 401(k) withdrawal. In 2026 she’ll face an estimated premium of ≈ $279-$290/month.
If she had spread her withdrawal over two years, her MAGI might have stayed under $103,000 and her premium would remain the projected standard of ≈ $206.50/month.

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Part 5: Medicare Part B Premiums & IRMAA Explained — What to Expect in 2026”의 1개의 생각

  1. 핑백: What’s New in Medicare 2026

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