The HIDDEN Medicare TRAP Waiting When You Sell Your Home AFTER Age 63

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Most retirees eventually sell their home — and many unknowingly trigger a massive IRMAA surcharge that can add up to $13,872 in extra Medicare costs. In this video, Geoff shows why it happens, how home sale profits drive Medicare premiums higher, and the exact steps to avoid most of the damage.
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Please note: some of the companies and websites above are affiliate relationships of ours which means that it you purchase their product or use their service, we receive a small fee. This does not increase your cost.
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CHAPTERS
00:00 Overview
03:59 65+ Healthcare Cost Components
07:03 The MAGI Problem When Selling a Home
08:48 Components of MAGI and Why This is Important
09:39 2026 IRMAA - Single
11:15 2026 IRMAA - Married Filing Jointly
12:58 2026 Medicare Part D IRMAA Adjustments
16:41 IRC Code 121

OTHER IMPORTANT LINKS:

FREE Retirement Ready Checklist: https://hlyshm.it/ha5
Follow Me on Instagram: https://hlyshm.it/ha6
Geoff's Facebook Page: https://hlyshm.it/ha7

Geoffrey Schmidt, CPA Bio:

Geoff Schmidt is a CPA who specializes in personal financial education for those approaching or in Retirement. He is an award winning author and the Director of the Retirement Ready Academy. Geoff spends 100% of this time on financial education through social media.

Legal disclaimer:

Chapter Advisory, LLC (“Chapter”) is a private health insurance agency. In California, Chapter does business as Chapter Insurance Services (Lic. No. 6003691). Chapter is not affiliated with or endorsed by any government entity. While Chapter has a database of every Medicare plan option nationwide and can help you to search among all options, it has contracts with many but not all plans. As a result, Chapter does not offer every plan available in your area. Currently, Chapter represents 50 organizations which offer 18,601 products nationwide. You can contact a licensed Chapter agent to find out the number of products available in your specific area. Please contact Medicare.gov, 1-800-Medicare, or your local State Health Insurance Program (SHIP) to get information on all of your options. Enrollment in a plan may be limited to certain times of the year unless you qualify for a Special Enrollment Period or you are in your Medicare Initial Enrollment Period.
Average potential savings are based on realized premium, co-pay, and out of pocket savings estimates self-reported by consumers that worked with Chapter Advisory LLC to enroll in a Medicare Supplement, Medicare Advantage, and/or Part D Prescription Drug Plan. The average is limited to consumers that chose to self-report. Savings information is subject to periodic updates and corrections. There is no guarantee of savings and any savings may vary by policy type, state, or other factors.

Channel Disclaimer: this video is for educational and entertainment purposes only and is not meant to be a substitute for legal, accounting, tax, or professional advice. If you have any specific questions about any legal, accounting, tax or other professional service matter you should consult the appropriate professional services provider. Holy Schmidt! is not affiliated with the Social Security Administration, Centers for Medicare & Medicaid Services or any government agency.