Prevent IRMAA From Raising Your Out-of-Pocket Health Care Costs

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…

Give Thanks and Take Action

Give Thanks and Take Action

As the Thanksgiving holiday approaches, I’m reminded of the importance of gratitude. Specifically, I’m grateful that Commissioner Annie Chao is leading an effort to make sure that retiring L.A. City employees currently covered by LACERS do not start paying hundreds of dollars more per month for Medicare coverage due to a program known as IRMAA,…