If the increase will affect 30% of beneficiaries and less than 10% are currently paying IRMAA, it sounds like the IRMAA income tiers--which were adjusted up for inflation annually before the ACA froze them--are going to be lowered. Is there another way to read this?
I'm far from an expert on this, but that's how I read it too. Instead of the $85K/$170K (top 2% and above) it goes to top 3%? 4%? However, with the exception of those T65's who are self employed and still working, most of my clients are paying IRMAA based on 2 years ago when Part B is processed, but then they appeal and almost always get it to $104. Based on my "micro-economy" I don't think that many people actually pay IRMAA. (I spend a LOT of time talking about IRMAA and the appeal process.)
Rick is right on this. They pay more in taxes AND pay more for Part B. That's just wrong. Sad and wrong.