Selling your home after 63 can be a punishing Medicare mistake. Why it could cost you thousands in added premiums

Title: Selling your home after 63 can be a punishing Medicare mistake. Why it could cost you thousands in added premiums

Article Snip: "For many retirees, selling their home is one of the biggest financial windfalls they’ll see outside of work — especially if they’ve owned it for decades...IRMAA is calculated based on your household Modified Adjusted Gross Income (MAGI). It generally includes capital gains, meaning the net profit from the sale of a home can push your income over the threshold, according to the AARP. ...surcharge becomes a consideration if you sell your home at any point after turning 63."

Reference: www.aol.com

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Medicare Premiums 2026: Projected IRMAA Brackets and Surcharges for Parts B and D

Title: Medicare Premiums 2026: Projected IRMAA Brackets and Surcharges for Parts B and D

Article Snip: "...Will you have to pay the monthly Medicare premium surcharge next year? It depends. ...The IRMAA applies to all Medicare beneficiaries whose earnings are high enough to make them eligible, even those on Medicare Advantage. Additionally, if you have a Medicare Advantage plan that includes prescription drug coverage, the Part D IRMAA also applies. The IRMAA is calculated on a sliding scale with five income brackets, topping out at $500,000 and $750,000 for individual and joint filing, respectively. These figures change annually with inflation. IRMAA calculations have a two-year lag time. Whether you pay an IRMAA in a given year depends on your tax returns from two years ago."

Reference: www.kiplinger.com
Medicare Premiums 2026: Projected IRMAA Brackets and Surcharges for Parts B and D

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Social Security Fairness Act Changes Rules on Medicare Premium Payments for Millions of Retirees

Snippet of Article: "...If your newly adjusted Social Security benefit is large enough to cover Medicare premiums, you may no longer need to pay those premiums out of pocket. Instead, the premium amount will be automatically deducted from your monthly Social Security check.

This includes:

Medicare Part B (Medical Insurance)
Medicare Part D (Prescription Drug Coverage)

This deduction process streamlines the payment method, reducing the chance of missed payments and ensuring uninterrupted coverage. 2. Direct Billing Will Continue for Some..."

If your annual income crosses certain thresholds due to benefit increases, you might fall into a higher IRMAA bracket, leading to higher premiums.

Source: weekendspy.com

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