6. ANSWER: True.
You can pay higher Part B premiums for a variety of reasons, including paying a higher amount because of your income. According to “Medicare and You,” “You’ll pay the standard premium amount (or higher) if: … Your modified adjusted gross income as reported on your IRS tax return from 2 years ago is above a certain amount.
If so, you’ll pay the standard premium amount and an Income Related Monthly Adjustment Amount, also known as IRMAA. IRMAA is an extra charge added to your premium.” For the 2016 income chart, impacting your 2018 premiums, check out page 27 of “Medicare and You.”
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