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Are you paying higher than necessary premiums for Medicare Parts B and D? If you file single and your modified adjusted gross income (MAGI) is higher than $87,000, or higher than $174,000 if you file jointly, you could be paying as much as $347 extra for Part B ($491.60-$144.60) as well as $76.40 extra for Part D.
If your income changes from year to year and puts you in a different MAGI bracket, talk to your tax professional and notify the Social Security Administration to ensure you're paying the correct premium.
Be sure you enroll for Medicare when you're eligible, or penalties can apply to Parts B and D premiums (and potentially Part A). These penalties can be permanent, so it's important you don't miss the deadline.
Source: Medicare. *Income brackets subject to IRMAA.