Ep 86 - High income, higher Medicare premiums
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Ep 86 - High income, higher Medicare premiums
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Medicare is meant to make health care more affordable in retirement, but if your income is higher, you might pay more than expected. Some retirees are surprised to learn about Medicare surcharges that can add hundreds of dollars to their monthly premiums. In this episode, we talk with Tim, a Medicare expert, to break down these extra costs called IRMAAs (income-related monthly adjustment amounts). Then we walk through what they could mean for your retirement.
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