Prevent IRMAA From Raising Your Out-of-Pocket Health Care Costs
Los Angeles City employees covered by LACERS have received a bulletin from Commissioner Annie Chao alerting them that their health care subsidy will likely dramatically increase when they retire due to a program called IRMAA, or Income-Related Monthly Adjustment Amount. As Annie Chao explains: “If you are a 63-year-old Management Analyst with 30 years of…
