RPEC and the Health Care Authority (HCA) partnered up to hold a PEBB open enrollment informational webinar on Friday, September 6th via Zoom, presented by Ellen Wolfhagen, HCA Senior Account Manager. This webinar wass designed for those who obtain their health insurance coverage through the Public Employees Benefits Board (PEBB). The presentation includes details about the changes to the pharmacy benefit of Uniform Medical Plan Classic Medicare (UMP Classic Medicare).
https://youtu.be/CPRPxKSWjcw
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Why isn’t the IRMA (income related) part D surcharge (taken from social security like part D) mentioned and clearly explained in this video and other PEEB materials? Was I the only surprised retiree?
Did you by chance receive a letter from the Social Security Administration that referred to a Part D Income Related Monthly Adjustment Amount (IRMAA)? I have received a few comments such as yours and they relate to the IRMAA.
The Social Security Administration deducts an additional amount from Social Security payments for higher-income Medicare beneficiaries to pay for Part D prescription drug coverage. This additional amount is called the Part D Income Related Monthly Adjustment Amount.
The income-related monthly adjustment amount for Kaiser Permanente Medicare Part D is based on federal law and a sliding scale. The IRMAA is the amount that higher-income enrollees pay in addition to their Part D premium.
How is IRMAA determined?
• The IRMAA is based on a beneficiary’s modified adjusted gross income (MAGI).
• The higher the MAGI, the higher the IRMAA.
• The Social Security Administration determines the IRMAA for each beneficiary.
How can I learn more about IRMAA?
• You can contact the SSA directly for specific information on your IRMAA.
• You can also visit Medicare Interactive to learn more about IRMAA.
Thank you, Derek. Very easy to log in.
Why isn’t the IRMA (income related) part D surcharge (taken from social security like part D) mentioned and clearly explained in this video and other PEEB materials? Was I the only surprised retiree?
Did you by chance receive a letter from the Social Security Administration that referred to a Part D Income Related Monthly Adjustment Amount (IRMAA)? I have received a few comments such as yours and they relate to the IRMAA.
The Social Security Administration deducts an additional amount from Social Security payments for higher-income Medicare beneficiaries to pay for Part D prescription drug coverage. This additional amount is called the Part D Income Related Monthly Adjustment Amount.
The income-related monthly adjustment amount for Kaiser Permanente Medicare Part D is based on federal law and a sliding scale. The IRMAA is the amount that higher-income enrollees pay in addition to their Part D premium.
How is IRMAA determined?
• The IRMAA is based on a beneficiary’s modified adjusted gross income (MAGI).
• The higher the MAGI, the higher the IRMAA.
• The Social Security Administration determines the IRMAA for each beneficiary.
How can I learn more about IRMAA?
• You can contact the SSA directly for specific information on your IRMAA.
• You can also visit Medicare Interactive to learn more about IRMAA.