IRMAA Medicare Premium unwelcome surprise

Editor,

Have you heard of the IRMAA Premium? Most people haven’t but if you are a middle-income or even low-income person and withdraw a substantial amount from a retirement account or experience a one-time windfall income which brings your income for that year over $85,000 and are on Medicare, you will be subject to an IRMAA Premium over and above your current Medicare Premium. This could double your Medicare Premium deductible from your Social Security Benefits for an upcoming year.

For example, the 2017 IRMAA Premium is based on your 2015 adjusted gross income on your federal income tax rep...