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Level 5

Question

IRRMA

Forum|Forum|5 years ago
February 7, 2021
1 reply
10 views

The "cut-off" for IRRMA increased from $174K to $176K (1.15%). What is the 1.15% increase based on? I think the inflation rate for 2019 was 2.3%. Thank you.

Level 15

The rate determination is based on several factors, inflation being one of them. The Centers for Medicare & Medicaid Services (CMS) calculate IRMAA and publish this amount yearly in the Federal Register.

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mitchden1Author

Level 5

I looked at the hyperlinks in your response and didn't see anything on the actual formula to calculate how much the Level 1, 2, etc. MAGI limits go up each year. If inflation is one of the factors, what are the other factors and what is the formula? Thanks.

Level 15

This information can be provided by the Social Security Administration, which is the agency that determines the rate each year.

Social Security Administration: call 1-800-772-1213

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