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Income? Related Monthly Adjustment Amount (IRMA) For Medicare Prescription Drug Coverage Frequently Asked Questions For Railroad Retirement Board Beneficiaries Table of Contents GENERAL INFORMATION
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The incomerelated monthly adjustment amount is an additional fee that high-income earners must pay on top of their Medicare Part B premium.
Individuals with higher incomes, specifically those who earn above a certain threshold, are required to pay the incomerelated monthly adjustment amount.
To fill out the incomerelated monthly adjustment amount, individuals must provide information about their income to the Social Security Administration.
The purpose of the incomerelated monthly adjustment amount is to help cover the costs of Medicare for high-income earners.
Individuals must report their income from the previous year in order to determine their incomerelated monthly adjustment amount.
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