Members with gross income exceeding certain amounts set by Medicare must pay a monthly Income Related Monthly Adjustment amount (IRMAA) for Medicare Part B and Part D coverage premiums. If you are impacted by IRMAA, you must pay your Medicare Part D *IRMAA payments directly to Medicare.
- Due to government regulations, CTPF is not allowed to pay Part D IRMAA even if enrolled in CTPF’s MedPay program.
If you fail to pay your Medicare Part D IRMAA bill promptly, you will be disenrolled by Medicare and lose your CTPF Health Insurance coverage. Reinstatement is very difficult and may result in additional penalties. Members must call CMS (aka Medicare) to assist with reinstatement.
“Set it and Forget It”
The best way to avoid being disenrolled is to set up the Medicare Easy Pay Option. Log into your online account at Medicare.gov and set up “Medicare Easy Pay” for your Part B (and IRMAA B and/or IRMAA D) payment(s) so you never have to worry again.