Understanding IRMAA 2025: How it Impacts Your Medicare Part D and Part B Premiums with Humana

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Facts about IRMAA โ€ฆ and some editorializing. | BRIO Financial Planning
As the new year approaches, Medicare beneficiaries are preparing for potential changes to their premiums. One important factor that affects Medicare Part D and Part B premiums is the Income-Related Monthly Adjustment Amount (IRMAA). In this article, we'll delve into the details of IRMAA 2025 and how it may impact your Humana Medicare coverage.
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What is IRMAA?

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IRMAA is a surcharge added to Medicare Part D and Part B premiums for beneficiaries with higher incomes. The adjustment amount is based on your modified adjusted gross income (MAGI) from two years prior. For example, your 2023 income will determine your IRMAA for 2025. The Social Security Administration (SSA) uses your tax return information from the Internal Revenue Service (IRS) to determine your IRMAA.
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IRMAA 2025 Thresholds and Premiums

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The IRMAA thresholds and premiums for 2025 are as follows:
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Single filers: + $97,000 or less: No IRMAA + $97,001 - $123,000: $12.20 (Part B) + $10.20 (Part D) + $123,001 - $153,000: $31.50 (Part B) + $14.50 (Part D) + $153,001 - $183,000: $51.40 (Part B) + $19.40 (Part D) + $183,001 or more: $71.30 (Part B) + $25.10 (Part D) Joint filers: + $194,000 or less: No IRMAA + $194,001 - $246,000: $12.20 (Part B) + $10.20 (Part D) + $246,001 - $306,000: $31.50 (Part B) + $14.50 (Part D) + $306,001 - $366,000: $51.40 (Part B) + $19.40 (Part D) + $366,001 or more: $71.30 (Part B) + $25.10 (Part D)
Facts about IRMAA โ€ฆ and some editorializing. | BRIO Financial Planning

How IRMAA Affects Humana Medicare Plans

If you're enrolled in a Humana Medicare Part D or Part B plan, your IRMAA will be added to your monthly premium. For example, if you're a single filer with an income above $183,001, your IRMAA for Part B would be $71.30, and for Part D, it would be $25.10. You'll need to pay this additional amount each month, on top of your standard Humana Medicare premium.
Facts about IRMAA โ€ฆ and some editorializing. | BRIO Financial Planning

What You Can Do

If you're concerned about the impact of IRMAA on your Humana Medicare premiums, consider the following: Review your income: If your income has decreased since your last tax return, you may be eligible for a reduction in your IRMAA. Explore other Medicare plans: Humana offers a range of Medicare plans, and you may be able to find a more affordable option that suits your needs. Seek guidance: Consult with a licensed insurance agent or a Medicare expert to help you navigate the IRMAA process and find the best plan for your situation. In conclusion, understanding IRMAA 2025 is crucial for Medicare beneficiaries, especially those with higher incomes. By knowing how IRMAA affects your Humana Medicare premiums, you can make informed decisions about your coverage and potentially reduce your costs. If you have questions or concerns about IRMAA or Humana Medicare plans, don't hesitate to reach out to a trusted insurance professional for guidance.