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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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What is incomerelated monthly adjustment amount?
The incomerelated monthly adjustment amount is an additional fee that high-income earners must pay on top of their Medicare Part B premium.
Who is required to file incomerelated monthly adjustment amount?
Individuals with higher incomes, specifically those who earn above a certain threshold, are required to pay the incomerelated monthly adjustment amount.
How to fill out incomerelated monthly adjustment amount?
To fill out the incomerelated monthly adjustment amount, individuals must provide information about their income to the Social Security Administration.
What is the purpose of incomerelated monthly adjustment amount?
The purpose of the incomerelated monthly adjustment amount is to help cover the costs of Medicare for high-income earners.
What information must be reported on incomerelated monthly adjustment amount?
Individuals must report their income from the previous year in order to determine their incomerelated monthly adjustment amount.
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