Was your modified adjusted income reported to the IRS two years ago more than $85,000? If so, you have to pay a little extra for Part B and Part D premiums. This is known as the Income-Related Monthly Adjustment Amount (IRMAA).
Medicare charges for Part B and Part D coverage based on income. See the income amounts for prescription drug coverage in this schedule. Find out more in the Medicare-issued “2016 Medicare & You” book on pages 34-35 (Part B) and on page 109 (Part D). Also look on the Medicare website (Part B here and Part D here).
Wary of post-data-breach calls from Blue Cross? See how to handle in the above headline. Read the original statement and the update.
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