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Old 05-01-2023, 03:17 PM
Boomer Boomer is offline
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Originally Posted by M2inOR View Post
Yes, there is help for those filing separately or as a single:

IRMAA 2023 for Medicare Part D and Part B | Humana

Yes, I know that filing jointly gives more leeway in overall income before both of you get hit by IRMAA.

But somewhere along the line, I picked up the idea that if the income that is throwing you over the line is in one name only, IRMAA will drag both of you across the threshold anyway. (I hope I am wrong about that. But I am not so sure I am.)

Maybe there is somebody here who knows for sure and will tell us.

That 2 year lookback comes with assumptions as to what the IRMAA thresholds will be in 2025 based on 2023 income.

I used to do conversions to Roth -- should have done more. My accountant asked me why I wanted to pay my kids' taxes. I told him maybe I was saving the money for me to tap for me, later in life, tax free. I really liked my old accountant, but in that case, I thought he was being a bit myopic.

Boomer