Markets· August 17, 2026 at 01:25 p.m.
Annuity Payout Triggers Higher Medicare Premium for Retiree
Key takeaways
- Retiree's annuity increased Medicare Part B premium by $2,434.80 annually
- IRMAA surcharges operate as cliffs, not gradual phase-ins
- Social Security COLAs do not adjust IRMAA thresholds
A retiree's annuity of $1,580 a month, guaranteed for life, pushed her Medicare Part B premium up by $2,434.80 in annual costs due to the Income-Related Monthly Adjustment Amount (IRMAA) surcharges. The IRMAA thresholds remain unadjusted even with Social Security Cost of Living Adjustments (COLAs).
