Plan Life Right – Episode 71: Why Your Medicare Costs Could Skyrocket in Retirement

Most retirees assume Medicare is free—or at least inexpensive. The truth is, one financial decision could increase your Medicare premiums for years without you realizing it. In this episode, Kevin Ross and Matt Floyd explain the hidden surcharge known as IRMAA (Income-Related Monthly Adjustment Amount), how the two-year lookback works, and why Roth conversions, home sales, Required Minimum Distributions (RMDs), and other income events can unexpectedly increase your healthcare costs in retirement. In this episode, you'll learn: Why Medicare isn't actually "free" What IRMAA is and who it affects How the two-year lookback can catch retirees off guard Why Roth conversions can trigger higher Medicare premiums The importance of planning before age 65 The SSA-44 form that many retirees never hear about Healthcare is one of the largest expenses in retirement—and proper planning can help you avoid unnecessary surprises. 📌 Take the free Retirement Income Scorecard: PlanLifeRight.com #RetirementPlanning #Medicare #IRMAA #RetirementIncome #FinancialPlanning #PlanLifeRight