What are the IRMAA amounts for
Part D for 2024?
Higher-income beneficiaries must pay more for Medicare Part D, prescription drug coverage. This is known as Income-related Monthly Adjustment Amount (IRMAA). The adjustments are usually based on a modified adjusted gross income (MAGI) determined by tax-exempt interest and the modified adjusted gross income from the tax return two years prior to the current year. For 2024 purposes, that will be the 2022 tax return. The thresholds will be $103,000 for a single filer or a married individual filing a separate return and $206,000 for an individual filing a joint return.
Here are the additional amounts that higher-income beneficiaries will pay for Medicare prescription drug coverage in 2024.
Beneficiaries who file a joint tax return with an income of:
- Greater than $206,000 but less than or equal to $258,000 will pay an adjustment of $12.90.
- Greater than $258,000 but less than or equal to $322,000 will pay an adjustment of $33.30.
- Greater than $322,000 but less than or equal to $386,000 will pay an adjustment of $53.80.
- Greater than $386,000 but less than $750,000 will pay an adjustment of $74.20.
- Greater than or equal to $750,000 will pay an adjustment of $81.00.
Beneficiaries who file an individual tax return with an income of:
- Greater than $103,000 but less than or equal to $129,000 will pay an adjustment of $12.90.
- Greater than $129,000 but less than or equal to $161,000 will pay an adjustment of $33.30.
- Greater than $161,000 but less than or equal to $193,000 will pay an adjustment of $53.80.
- Greater than $193,000 but less than or equal to $500,000 will pay an adjustment of $74.20.
- Greater than or equal to $500,000 will pay an adjustment of $81.00.
Beneficiaries who are married and lived with the spouse at some time during the year but file a separate tax return with an income of:
- Greater than $103,000 but less than $397,000 will pay an adjustment of $74.20.
- Greater than $397,000 will pay an adjustment of $81.00.
Learn about Part B IRMAA here.
Last updated: 02-27-2024