Wallace Insurance

You Have the Right to Appeal: If you believe your IRMAA determination is incorrect or your income has significantly changed because of a qualifying life event, you can request a reconsideration with the Social Security Administration.

Your Income From Two Years Ago Matters: The Social Security Administration generally uses your tax return from two years prior to determine whether you'll pay IRMAA.

Original Medicare generally pays about 80% of approved medical expenses, while a Medicare Supplement plan helps cover many of the remaining costs, reducing unexpected out-of-pocket expenses.