IRMAA Surprise: Social Security Cut Due to Medicare Premiums – How to Appeal
Los Angeles, California – A couple in California experienced a cut in their Social Security benefits due to the “Income Related Monthly Adjustment Amount” (IRMAA), resulting in a $400 reduction in their monthly payments. IRMAA is a premium that higher-income individuals must pay for Medicare coverage, impacting their Social Security benefits. For the couple in question, their Medicare premiums were much higher due to their income, leading to a decrease in their Social Security payments …