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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Only about 7 percent of Medicare beneficiaries pay those higher premiums. So you are (at least) in the richest 7 percent. Enjoy your financially secure retirement!

https://www.medicareresources.org/medicare-eligibility-and-enrollment/what-is-the-income-related-monthly-adjusted-amount-irmaa/#:~:text=Most%20Medicare%20beneficiaries%20do%20not,Part%20D%20prescription%20drug%20coverage.[/quote]

I think the IRMAA is ridiculous considering that higher income earners contribute a very disproportionate share of total revenue during their working years. They already paid more into Medicare when they were working then they are charged more for it once they retire. It is a punitive and poorly designed tax for high income earners, that creates a situation where the marginal tax rate can exceed 100% if you are slightly above an income threshold. [/quote]

Yes, it is just another tax on the wealthy and very unfair. We already paid our fair share. Infuriating.[/quote]

Yup!  We have paid so much into Medicare, to have to pay $600/person+ for part B is ridiculous[/quote]

What you paid in to Medicare from your wages over the last 40 years is Medicare Part A Hospital Insurance. That's why Part A is free.

Medicare Part B isn't free and you will have to spend 25% to 100% of the full cost of the insurance, depending on your income.

Most retiree health insurance provided by employers require that you enroll in Medicare A and B to keep your retiree coverage. That means the retiree coverage turns in to supplemental health insurance and is the secondary payer after Medicare. The only exception I can think of is the Federal Employee Health Benefits program which doesn't require retirees to enroll in Medicare A or B to keep their health insurance coverage. This is because the FEHB Program became law in 1960, which was five years before Medicare was created.

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