Princeton Asset

Category: Healthcare

  • Healthcare costs: IRMAA premiums

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    WP ADMIN
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    If you’re enrolled in Medicare, you may have encountered the term IRMAA – the Income-Related Monthly Adjustment Amount. This additional premium can significantly impact your Medicare costs, but understanding how it works and knowing about potential discounts can help you better manage your healthcare expenses. What is IRMAA? IRMAA is an extra charge added to…

  • Healthcare costs: ACA subsidies

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    WP ADMIN
    in ,

    The Affordable Care Act (ACA) provides health insurance subsidies to help lower-income individuals and families afford coverage. These subsidies are determined based on a taxpayer’s income and the cost of health plans available in their area. Understanding how ACA subsidies work, particularly the role of Modified Adjusted Gross Income (MAGI) and the benchmark silver plan,…