Most retirees and dependents enrolled in the HealthSelect Medicare Rx plan will not need to pay an additional Medicare Part D premium. However, participants with an income that is higher than the threshold set by Medicare will pay extra for Medicare Part D coverage. This is the income-related monthly adjustment amount, or IRMAA. ERS does not pay IRMAA premiums.
IRMAA applies to participants with:
- an adjusted gross income of $85,000 or above (individuals and married individuals filing separately) or
- $170,000 or above (married individuals filing jointly).
The Internal Revenue Service (IRS) provides the Social Security Administration (SSA) with the information necessary to determine whether a participant is subject to IRMAA. Contact Medicare toll-free at 800-MEDICARE (800-633-4227) if you have questions regarding the IRMAA payment.