In 2023, Medicare beneficiaries with a modified adjusted gross income above $97,000 have an income-related monthly adjustment (IRMAA) added to their Medicare Part B premiums. 1. In the latter filing scenario, Part B premiums are $238. 2023 IRMAA Brackets. What are the Medicare income limits for 2024? The income threshold for full benefits currently is 135 percent of the federal poverty guideline ($19,683 for an individual in 2023). What is the Medicare IRMAA for 2023? The Income-Related Monthly Adjustment Amount begins with $97,000 for individual beneficiaries filing. Summary. Let’s break down what this acronym means. This. Less than or equal to $97,000. 50. After crossing the threshold, the monthly amounts for Part B IRMAA (paid in addition to the standard premium) will be $65. . File married & separate tax return. Depending on your income, you may have to pay more. The monthly premium for that tier will be $230. exceed the dollar limit for calendar year 2014 increased by an amount equal to the product of that amount and the premium adjustment percentage for 2024. The COLA in 2024 is 3. The Medicare Part B monthly premium is increasing to $174. IRMAA is simply a tax on those who earn too much income. The MAGI used to determine if the income-related monthly adjustment amount (IRMAA) applies is the most recent tax information that IRS is able to provide. That 1 dollar in extra income can cost a married retired. File joint tax return. Total Monthly Premium. 10The standard Part B premium amount in 2024 is $174. That's more or less how I do it. The 2023 IRMAA is based on the Modified Adjusted Gross Income (MAGI) from 2021. pdf Author: MPB4 Created Date: 1/4/2023 11:28:15 AM. Our 2021 income was going to escalate my premiums by two levels with Aunt IRMAA—or so I was initially informed. NF1135 2023 IRMAA Notice. 30 a month during 2022. married filing jointly with a spouse who is covered by a plan at work: more than $218,000 but less than $228,000: a partial deduction. $97,000 or less. m. QCDs are direct gifts from an individual retirement account to an eligible charity, and may reduce your adjusted gross income. The higher a beneficiary’s MAGI is, the higher the premium will be. IRMAA stands for Income Related Monthly Adjustment Amounts. The 2023 income limits for Medicare Savings Programs (MSPs) are $19,920 per year for an individual and $26,868 per year for a married couple, in many cases. However, by law, the IRMAA Brackets adjust according to the Consumer Price Index for Urban Consumers (CPI-U). 70. It’s an extra charge added to your standard Part B premium if your Modified Adjusted Gross Income (MAGI) exceeds a certain threshold. The standard monthly premium for Medicare Part B enrollees will be $174. this site may help you out and you can see where I got the $210,000 from. Since 2020, the Income-Related Monthly Adjustment Amount (IRMAA) income brackets are inflation adjusted. People who qualify for Medicaid automatically qualify for Medicare Part D Extra Help. 2023 Medicare Part D Income Related Adjustment Amount (IRMAA) Income Brackets: If your filing status and yearly income in 2021 (filed in 2022) was: File individual tax return: File joint tax return: File married & separate tax return: You pay each month for Part D (in 2023) $97,000 or less: $194,000 or less: $97,000 or less: no IRMAA, only your. I have a fat 401-K, so no real money worries (unless both stocks and bonds crash, plus inflation). 60%. IRMAA, again, is a cliff penalty. That surcharge is known as an Income-Related Monthly Adjustment Amount, aka IRMAA. Apr 04, 2022. Supply: Medicare Prices, Medicare. 00. If you retire in 2022, CMS may not look at your 2021 tax return, which will help you avoid IRMAA that year, but it may look at your income in 2022 for the year 2023. 80 from $164. The Medicare portion of the FICA payroll tax is 1. The issue, though, is that your Social Security benefit pays for these IRMAA surcharges automatically. IRMAA is a surtax that increases with higher levels of income. In 2024, the standard Part B monthly premium is $174. The surcharge for Part B ranges this year from $68 to $408. The following are the income thresholds that apply for the 2023 tax year: Part B IRMAA Brackets : Individuals with a 2021 income of $97,000 or less (or married couples filing jointly with an income of $194,000. This is the maximum amount you pay in the initial coverage limit as well. If you are over 63 and have a high income, this Roth conversion calculator shows the projected Medicare Income-Related Monthly Adjustment Amount (IRMAA) you may pay per month starting in 2025. Most people will pay the standard Part B premium amount. [RELATED: 2023 Medicare Part B Rates Announced] IRMAA brackets are different from tax brackets. Medigap policies are sold by private companies, and they cover co-pays and deductibles that Medicare doesn't normally cover. Our partners use Canada Mortgage and Housing. What is the income limit for Irmaa for 2023? The IRMAA income brackets for 2023 start at $97,000 for a single filer and $194,000 for a married couple. Less than or equal to $87,000. 70 for 2024, an increase of $9. 70: Greater than $103,000 and less than or equal to $129,000 We are clearly above the current $182k MAGI limit, but I read one article that estimates the limit could be $190k for 2021 income when they look back in 2023. 50 a month during 2023, down from a peak of $578. Ordinarily, the following year is expected to be a little higher, but if you are wanting something sort of rock solid safe, I think $103k is a good limit for 2023 income (for use in avoiding IRMAA in 2025). are considered Medicare Part D plans and members with higher incomes may be subject to the Medicare Part D Income Related Monthly Adjustment Amount (IRMAA. Tell the representative you want to lower your Medicare Income-Related Monthly Adjustment Amount (IRMAA) due to a life-changing event. 1, 2023 WASHINGTON — The Internal Revenue Service announced today that the amount individuals can contribute to their 401(k) plans in 2024 has increased to $23,000, up from $22,500 for 2023. That amount changes from year to year, but it's generally consistent for most Medicare enrollees. You’ll be subject to an IRMAA in 2024 if your 2022 reported income exceeded $97,000 on an individual tax return or $147,000 for a married couple filing jointly. What is IRMAA? IRMAA stands for Income Related Monthly Adjustment Amounts. Married Submitting Individually >= $403,000. My husband turns 65 in 2025 and we know that any IRMAA penalty will be based on our income this year. It is expected that tiers 1-4 will increase by 2% year over year. (In 2023, the threshold will be $97,000 for individuals filing a single return and married individuals filing a separate return, and $194,000 for married individuals filing a joint return. $97. Please check my thinking on a couple of things: 1. Total Monthly Premium Amount. According to the announcement, only 7% of beneficiaries pay more than the basic premium. When it comes to Capital Gains affecting IRMAA there is one saving grace: the sale of a primary residency. Total monthly premium amount. Part D premiums can. The limits are based on your reported income from two years prior, so the 2024 IRMAA is. 00. 80 and $560. 10 per. above $213,000. For Part D, the IRMAA surcharges range from an additional $12. 00 . Ordinarily, the following year is expected to be a little higher, but if you are wanting something sort of rock solid safe, I think $103k is a good limit for 2023 income (for use in avoiding IRMAA in 2025). 70 for 2024, an increase of $9. Those who earn more than that amount will be subject to Medicare IRMAA amounts according to the IRMAA income limits displayed below. Beneficiaries who file individual tax returns with modified adjusted gross income: Beneficiaries who file joint tax returns with modified adjusted gross income: Income-Related Monthly Adjustment Amount. 00 to $408. And for 2024, the Roth IRA contribution limit is $7,000 for those under 50, and $8,000 for those 50 and older. a full deduction up to the amount of your contribution limit. Medical equipment. According to the announcement, only 7% of beneficiaries pay more than the basic premium. 90 per month. See page 5 for detailed information and line-by-line instructions. Beneficiaries Affected by Income-Related Monthly Adjustment Amount (IRMAA) (Premium Year 2020):. This optional form is filled out once per person. 10 It's easy to determine your 2024 Part B and Part D total premiums by adding the income-related monthly adjustment amount to the 2024 premium costs. If you fall into one of the high-income categories—more than $103,000 for individuals and $206,000 for couples—the. The modified adjusted gross income is the amount that counts toward the income limit. The income brackets for high-income premium adjustments for Medicare Part B and D start at $91,000 for a single person, but this threshold is expected to increase to $97,000 or $98,000 in 2023. You will only need to pay an IRMAA if your annual modified adjusted gross income (MAGI) exceeds a predetermined amount. $194,001 –. Still, you can make reasonable estimates and give yourself some margin to stay clear of the cutoff points. IRMAA can apply to either Medicare Part B or Medicare Part D premiums. After your income surpasses that, you'll enter the phase-out range, and your. The numbers depicted here are based on the Social Security Administration’s (SSA) most current records. Because we have a marginal income tax rate, if you are bumped into the next higher tax bracket, only your extra dollars of income over the limit are taxed at the higher rate. If you go over the IRMAA cliff in 2022 (for 2024 premiums), you pay the IRMAA for 2024 only. One dollar over the limit, and you pay the penalty all year. 50 (monthly plan premium + $31. 2023 Medicare Amounts. The 2021 low income will determine your 2023 IRMAA. by notBobToo » Wed Oct 27, 2021 4:03 pm. For example, Social Security would use tax returns from 2022 to determine your IRMAA in 2024. Effective January 1, 2007, Part B beneficiaries with incomes above a certain threshold amount (about 4% to 5% of all Part B beneficiaries) are subject to an adjustment of the amount of the premium that they must pay for Part B insurance. Once you’ve calculated your MAGI, compare it to the annual IRMAA income thresholds. IRMAA thresholds are adjusted for inflation each year. 00. Your filing status makes a difference too. That surcharge is known as an Income-Related Monthly Adjustment Amount, aka IRMAA. The notification will provide your income, the IRMAA surcharge and how. For example, in 2023 in the lower 48 states, for a family of 4, the Federal Poverty Level was $30,000. You can make 2023 IRA contributions until the unextended federal tax deadline (for income earned in 2023). How to avoid IRMAA: The easiest answer to avoid IRMAA is to just not generate the wrong type. And contribution limits for IRAs were also increased by an additional $500, to $6,500 for 2023. The income limit for the Saver's Credit (also known as the Retirement Savings Contributions Credit) for low- and moderate-income. Unlike Part B, the Part D IRMAA brackets will remain the same in 2022. 6 billion in 2023 from Medicare beneficiaries in IRMAA. Today, the Centers for Medicare & Medicaid Services (CMS) released the Announcement of Calendar Year (CY) 2023 Medicare Advantage (MA) Capitation Rates and Part C and Part D Payment Policies (the Rate Announcement). Note that it is not IRMMA (just like HIPAA is not HIPPA). As with the Part B annual deductible, 2024’s IRMAA thresholds represent a rise of 6. For 2024, the IRMAA surcharge will be added to your premiums if your 2022 income was over $103,000 (or $206,000 if you’re married). A widow with a fixed retirement income of $95,000. The 2024 Medicare IRMAA surcharge kicks in when modified adjusted gross income exceeds $103,000 for single taxpayers or $206,000 for married couples filing jointly. begins once you reach your Medicare Part D plan’s initial coverage limit ($5,030 in 2024) and ends when you spend a total of $8,000 out-of-pocket in 2024. This is the ultimate guide to the 2023 IRMAA brackets (and 2024 projected). , see 2022 2023 2024 Medicare Part B IRMAA Premium MAGI Brackets) that 2025 IRMAA tiers, based on 2023 income, will have higher breakpoints due to inflation. Income Related Monthly Adjustment Amount (IRMAA) for 2023. 70 in 2024. 90 a month. 90 per month. Medicare premium surcharges. Nov 21, 2023, 10:09am EST. For Part D, the IRMAA surcharges range from an additional $12. 20 to $76. 40 per month, depending on income. This is a two-year lag, so more current trends in median family income levels are not available. FAS Project on Government SecrecyThe standard deduction for couples filing jointly is $29,200 in 2024, up from $27,700 in the 2023 tax year. If you file separately from your spouse or fall. The usual Half B premium is $164. 2025 IRMAA Per Person. We also expect the IRMAA threshold will increase to more than $91,000 for individuals and $182,000 for joint. 10 to as. I still owe $200K on the mortgage (small fraction for CA home), but won't pay off early since cashing in 401-K will trigger capital gains "income". 60. Apr 04, 2022. This IRMAA creates a surcharge you must pay in addition to the standard premiums. 20 per month ($410. Medicare Part B Premium: $329. If your income in 2020 was less than or equal to $91,000 as an individual, or less than or equal. The MAGI for 22% tax bracket MFJ is about $178000 for. This surcharge impacts those who earn too much income and how to avoid IRMAA is very simply. The annual deductible for all Medicare Part B beneficiaries will be $240. Find out how Medicare premiums are calculated and how your income is taken in to consideration. Today, the Centers for Medicare & Medicaid Services (CMS) released the Announcement of Calendar Year (CY) 2023 Medicare Advantage (MA) Capitation Rates and Part C and Part D Payment Policies (the Rate Announcement). Part B premiums are expected to increase 6. It is conservative (i. Below are the six income threshold tiers for 2023. For 2023, the standard Medicare Part B premium is $164. Medicare Part B covers physician services,. The chart shows they’ll pay about 23% in taxes on their Traditional IRA withdrawals if they convert $115k before their income hits the first threshold for IRMAA. Your 2023 IRMAA is based on your Modified Adjusted Gross Income (MAGI) from 2021. So, for 2024, the SSA looks at your 2022 tax returns to see if you must pay an IRMAA. With only three months remaining for federal fiscal year (FFY) 2022, our 2023 IRS limits forecast will most likely set the record for a one-year increase, in terms of both dollars and percentage, even if inflation transitions to 3. Example: A two-person household filing a joint tax return had adjusted gross income (AGI) of $280,000 in 2022 and 2023. The Part B premium will increase to $148. $97,000 or less. Seniors who enroll in a. Here are the IRMAA income brackets for 2022 2023, and 2024. This is down $5. Total Monthly Premium. . This additional charge is on top of the standard monthly Medicare Part B premium to. 7 million, after the inflation adjustments. as income rises from level one to level five, the premium subsidy is reduced. The standard Part B premium for 2023 is $164. Total Monthly Premium Amount. The Medicare Part B premiums, the IRMAA brackets and add-on were just announced. The lower your taxable income is, the lower your tax bill. The Income Related Monthly Adjustment Amount (IRMAA) of Medicare is a surcharge on top of the current year’s Medicare Part B and D premiums. A maximum of $4. 50, imposed on modified adjusted gross incomes equal to or greater than $500,000 for individuals and $750,000 for married couples filing jointly. Beneficiaries who are married and lived with their spouses at any time during the year, but who file separate tax returns from their spouses with modified adjusted gross income: Income-Related Monthly Adjustment Amount. 00. 70. You’ll also have to pay. Which bracket you fall into. $170. High-income households pay an extra charge—IRMAA—on top of the standard Medicare premium. 20 to your 2022 monthly Medicare Part B premium, increasing it from $170. This is an adjustment of the base monthly premiums for Medicare Part B and D over and above the base amount based on your MAGI. Retirement plan at work: Your deduction may be limited if you (or your spouse, if you are married) are covered by a retirement plan at work and your income exceeds certain levels. 90 premium + $164. 80 per month. In 2023, the standard premium for Part B is $164. For couples who file a joint tax return, that threshold is $194,000 per year. If your income exceeds certain thresholds, you could be subject to the income-related monthly adjustment amount (IRMAA). $0. If you have to pay IRMAA, you’ll fall into one of 5 IRMAA tiers. Less than or equal to $97,000 Less than or equal to $194,000In order to appeal IRMAA you will need to fill out form SSA-44 titled “Medicare Income-Related Monthly Adjustment Amount – Life Changing Event”. 3 For 2023, the base premium for Part B is $164. 70. 00. depending on your income. also, based on no inflation, to avoid IRMAA, the 2023 Joint filing income limit is estimated to be $210,000. Close Search. IR-2023-203, Nov. 030: IRMAA Determination Process: TN 3 11-10: HI 01101. Part B IRMAA,. If your income is above a certain limit, you’ll pay an income-related monthly adjustment amount in addition to your plan premium. Look up IRMAA income limits. This can add up to $839 more a year for Part B — in addition to the. • New Medicare Part B beneficiaries. Any changes to your income and IRMAA premiums can be appealed. 50 a month or $6,732 for the year. The COLA in 2024 is likely to cover the full Part B premium for most people. Reimbursement of Income Related Monthly Adjustment Amount (IRMAA). Total monthly premium amount. *Housing Income Limits (HILs) were previously called the Core Need Income Thresholds (CNITs). The average Part D premium is around $55. $164. $0. 10Description of the Medicare Income-Related Monthly Adjustment Amount (IRMAA) TN 23 10-23: HI 01101. Here is an excerpt: "It’s too early to know what the 2023 IRMAA brackets will be. 20 from $170. For other than self-only coverage, the limit is twice the dollar limit for self-only coverage. this site may help you out and you can see where I got the $210,000 from. It is possible that the increase in Social Security income in 2023 could trigger IRMAA for some retirees in 2025. If your Modified Adjusted Gross Income (MAGI) as reported on your IRS tax return from 2 years ago (i. 141, rounded up to the number of digits shown. 90 per month for anyone with an income under the IRMAA limit. Note: there are. 50. The IRS is introducing new income limits for its seven tax brackets, adjusting the thresholds to account for the impact of inflation. 70 per month in 2024. These amounts are added onto your Part B and Part D each month. The first thing you should do is review your income from the relevant year and see how it stacks up against the new IRMAA thresholds. 90 in 2023. However, Medicare Part B is a standard plan with a base price. $103. 90 in. 00% for IRMAA-Part B and for IRMAA-Part D the surcharges will inflate by 5. However, for those earning. 10. The minimum monthly Medicare Part B premium in 2023 is $164. Title: irmaa-notice-2023. 2. That is one of the "annoying' things about IRMAA. You are new to Medicare in 2024. 60/month for. You can complete Form SSA-44 and mail or bring it to your local Social. The IRMAA rises as adjusted gross income increases. While your AGI will be locked in on Dec 31, 2023, only 4 of the 12 inflation numbers that 'lock in' the 2025 IRMAA brackets will be known. 10It's easy to determine your 2024 Part B and Part D total premiums by adding the income-related monthly adjustment amount to the 2024 premium costs. 1. Someone asked, how exactly does one limit one's income in 2022 to avoid a cliff for 2024 that does not release until the end of 2023? Is it safe, and advisable, to just use the 2023 threshold? Surely 2024 will be the same or higher, right? Have the. above $426,000. IRMAA is a surtax that increases with higher levels of income. Medicare recipients with 2022 incomes exceeding $103,000 (single filers) or $206,000 (married filing jointly) will pay a premium between $244. The IRMAA Brackets in 2019 were: As it can been seen since 2007 the IRMAA surcharges have grown over time and in some ways they have grown substantially. The IRMAA income brackets for 2023 determine whether you’ll be subject to the additional surcharge and how much you’ll have to pay. For 2023, the amount of earnings that will have no effect on eligibility or benefits for SSI beneficiaries who are students under age 22 is $8,950 a year. Yes, your Medicare premiums can be tax deductible as a medical expense if you itemize deductions on your federal income tax return. Medicare Part B Premium 2023 Medicare Part D Premium 2023; $0 – $97,000: $0 – $194,000: $0 – $97,000:. The table below shows the income limits and potential Medicare Part B premiums for 2023: And for a comparison, the table below shows the income limits and potential Medicare Part B premiums for 2024:Available in most U. Medicare Income-Related Monthly Adjustment Amount - Life-Changing Event. 80 standard monthly premium predicted by Medicare’s board of trustees in their March report. Your reported income from two years prior (2022) determines any IRMAA you’re required to pay in 2023. Beneficiaries who file an individual tax return with income: Beneficiaries who file a joint tax return with income: Income-related monthly adjustment amount Total monthly Part B premium amount; Less than or equal to $103,000: Less than or equal to $206,000: $0. 2023 IRMAA Brackets. Because we have a marginal income tax rate, if you are bumped into the next higher tax bracket, only your extra dollars of income over the limit are taxed at the. 45% on all earnings, even those above the maximum Social Security tax limit. If your MAGI was below these thresholds in 2021, you do not pay IRMAA in 2023. Substantial Gainful Activity (2023): $1,470 per month for people who are not blind $2,460 per month for people who are blind Trial Work Period Service Month (2023): $1050 per month Number of OASDI Beneficiaries (as of 12/31/22): Total OASDI beneficiaries: Retired workers and family members: Retired workers: Spouses: 66. What the IRMAA MAGI thresholds will be for those Medicare premiums depend on what the CPI-U values will be for the 12 months from September 2022 through August 2023 13 months from August 2022 through August 2023. 80 IRMAA surcharge) Medicare Part D Premium: $31. The amount can change each year. Here are the IRMAA income brackets for 2022 2023, and 2024. The drug reportedly will cost $26,500 a year, and with premiums set to cover about a quarter of program costs, it’s likely Medicare users would see Part B costs for 2024 higher than the $174. For 2023, IRMAA kicks in if your 2021 MAGI was over $97,000; for married couples filing joint tax returns, above $194,000. $97. A decrease in the 2023 Part B Deductible. According to latest Medicare Board of Trustees report from the IRMAA brackets will increase by over 6. 49 in 2023 to $55. The impact is simple, the more you make the higher your Medicare costs. Initial Coverage Limit : will increase from $4,430 in 2022 to $4,660 in 2023. Starting in 2024 and lasting through 2030, the IRA limits Part D premium growth to no more than 6% per year. 33%. The standard monthly premium for Medicare Part B enrollees will be $174. 10. 90 each month ($174. The tax return from two years ago year is used. 84%. (based on 2022 income). Then 2023 for 2025; 2024 for 2026; and so on. 20 to $76. 10, that. 74 in 2023. The contribution and income limits for workplace retirement plans, Traditional and Roth IRA, FSA, and HSA will go up in 2024 to adjust for inflation. The 2024 IRMAA MAGI income limits are straightforward: $103,000 for individuals and $206,000 for joint filers. What is IRMAA? IRMAA is the Income Related Monthly Adjustment Amount added to your Medicare Part B and Medicare Part D premiums. Greater than $91,000 and less than. 3rd Surcharge Bracket: 7. Your Part D Premium will depend on the plan you choose. Beyond that, there are steps you can take now to avoid IRMAA charges in the future. IRMAA Percentage Tables, Medicare Part B Premium Year 2023The 2023 income limits for Medicare Savings Programs (MSPs) are $19,920 per year for an individual and $26,868 per year for a married couple, in many cases. For 2023, the IRMAA monthly surcharge for Medicare Plan B ranges from $230. Then there was another $31. $103. The annual 2023 deductible for all Medicare Part B beneficiaries is $226 - a $7 decrease from the 2022 of $233. 70. $97. Here are the brackets for 2022: Projected IRMAA brackets for 2023. This means that the income thresholds for each bracket will remain at the same level as in 2021. 80 more than. Total Monthly Premium. Step 3: Compare Your MAGI to the IRMAA Thresholds. In 2023, the standard premium for Part B is $164. About the Program. 40 could be added to your Part D premium. Since they will file as married filing jointly, the following applies for 2023: Beneficiaries who are married and lived with their spouses at any time during the year, but who file separate tax returns from their spouses with modified adjusted gross income: Income-Related Monthly Adjustment Amount. 90 per month for those in the lowest income-adjustment bracket. There is flexibility with regard to. 60. The tax return from two years ago year is used. That full table is presented next. If your modified adjusted gross income as reported on your IRS tax return from 2 years ago is above a certain amount, you'll pay the standard premium amount and an Income Related Monthly Adjustment Amount (IRMAA). If you’re self-employed, you may be able to deduct your Medicare premiums even if you don’t itemize. 90 for Medicare Part B. will increase from $7,400 in 2023 to $8,000 in 2024. The agency can also withhold Part C and D. Our 2021 income was going to escalate my premiums by two levels with Aunt IRMAA—or so I was initially informed. No retirement plan at work: Your deduction is allowed in full if you (and your spouse, if you are married) aren’t covered by a retirement plan at. Beneficiaries who are married and lived with their spouses at any time during the year, but who file separate tax returns from their spouses, with modified adjusted gross income: Income-related monthly adjustment amount. Each year, the Medicare Part B premium, deductible, and coinsurance rates are determined according to provisions of the Social Security Act. Part D premiums are dictated by the Part D plan carrier, but beneficiaries with an income over the IRMAA limit must pay an additional amount. For 2024, the Part B premium is $174. Like Medicare Part B, Medicare Part D prescription drug plans use the IRMAA to determine plan premium costs by income level. IRMAA stands for income-related monthly adjustment amounts. Medical equipment. $103k is almost certainly going to be the actual number for 2024 (based on 2022 income) for a single. Continuing inflation and a shift in policy for the drug Aduhelm will change Medicare’s income-related monthly adjusted amount (IRMAA) brackets and the 2023. 70 in 2024). Have been using the Finance Buff site to estimate the 2024 IRMAA limits - would fellow Bogleheads consider this site a reliable source to estimate the 2024 (for 2022 income and don't want to accidentally "fall off the cliff" into the next higher bracket) the IRMAA limits?. Applying for Medicare Extra Help can be done online, in person at a local Social Security office, or by phone at 800-772-1213. 00. $0. Monthly Medicare Premiums for 2023. 2. More than or equal to $750,000.