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Don't Make Costly Mistakes: Part D IRMAA Payments
August 15, 2024

CHICAGO, Illinois, Aug. 15 -- The Chicago Teachers Pension Fund issued the following news:

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 CTP . . .

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