8 Things You Must Know About Medicare's Income-Related Monthly Adjustment Amount (IRMAA) Surcharges

Here's what you need to know about who gets charged and why, as well as when the fees can be waived.

Serious stressed Asian senior old couple worried
(Image credit: Getty Images)

Means testing is a hot topic when it comes to government benefits. But it's not just an academic debate, as high-income Medicare beneficiaries already pay higher premiums. And in reality, requiring wealthier people to pay more can get a bit messy when income spikes for, say, just one year. The following answers to common questions from readers can help sort out some of the wrinkles Medicare surcharges present, including when they can be waived.

1. Who has to pay extra?

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Rachel L. Sheedy
Editor, Kiplinger's Retirement Report
With contributions from