Tax Report: Medicare Part B/D Premiums

We list the different surcharge ranges and your client’s MAGI to show how much (if any) surcharges may apply, along with the amount of the surcharge for Part B and Part D premiums.

Any Medicare premium Income Related Adjustment Amounts (commonly known as IRMAA) surcharges due to  are based on tax returns from two years’ prior. There is no phase-out for these surcharges; they will be triggered by being over the threshold for each surcharge bracket by a single dollar. These thresholds are also represented within the Range Calc tool in Scenario Analysis, where they show up as vertical dotted lines on the Range Calc graph.



Peter and Paula, however, aren’t eligible for Medicare and won’t be for some time, so this information isn’t relevant for them. If your client isn’t Medicare eligible – or if you simply don’t want to show this table – you can hide the entire thing by clicking the Manage Sections button located to the top right of the page as shown below. You can also use this to rearrange the sections as you please using the double teal line icon.