Your Health

Medicare IRMAA: What Is It and When Does It Apply?

Overview of Medicare

First introduced in 1965, Medicare is the health insurance program for U.S. citizens who are older 65 years old, regardless of health status, medical history, or income. These days, it provides financial assistance for millions of people to cover their medical expenses. The program covers different costs, from physician visits and hospitalizations to preventive services, prescription medications, and other services. There are different requirements and rules that you should know before deciding to enroll in Medicare. [1]