Paying Too Much for Medicare? How to Lower Your IRMAA Costs

Are you paying higher Medicare premiums because of IRMAA? If your income was higher two years ago, you may have been hit with a Medicare IRMAA surcharge, and it can add hundreds (or even thousands) of dollars to your annual healthcare costs.

The good news? You may be able to reduce, avoid, or appeal IRMAA with the right strategies.

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In this video, Andrew Rafal, founder of Bayntree Wealth Advisors, breaks down:
✅ What triggers IRMAA and how your income is calculated
✅ Proven strategies to lower your MAGI and reduce future IRMAA penalties
✅ How to appeal an IRMAA surcharge if you’ve had a life-changing event
✅ Other overlooked options to manage Medicare costs in retirement

If you’re facing IRMAA, remember: you don’t have to just accept it. There are ways to lower your Medicare premiums and keep more of your hard-earned retirement savings.

0:00 Why your Medicare premium is higher (IRMAA)
0:47 IRMAA basics
1:18 Strategies to lower MAGI
2:28 Life-changing events that qualify
2:44 How to appeal: SSA-44 + documentation
3:14 Other options
3:44 Key takeaway + next steps

🔍 Common Questions Answered in This Video
✅ What is Medicare IRMAA and why am I paying it?
✅ How do I appeal an IRMAA penalty with Social Security?
✅ What strategies reduce MAGI to avoid IRMAA in retirement?
✅ What counts as a life-changing event for IRMAA appeals?
✅ Can charitable giving (QCDs) lower my Medicare premiums?

#medicare #retirementplanning #retirementincomeplanning #financialadvisor

Investment advice is offered through Bayntree Wealth Advisors, LLC, an SEC-registered investment adviser. Insurance and annuity products are offered separately through Bayntree Wealth Advisors. Bayntree does not provide, and no statement contained herein shall constitute, tax or legal advice. You should consult a tax or legal professional on any such matters. Opinions expressed herein are solely those of Bayntree Wealth Advisors. All content is for informational purposes only and is not intended to provide the basis for any financial decisions.