Deductible if you itemize, no? (Had to go to ChatGPT for this info.)
You can deduct IRMAA only if:
• You itemize deductions (not take the standard deduction), and
• Your total medical expenses exceed 7.5% of your AGI.
Example:
If your AGI is $200,000, the first $15,000 of medical expenses are not deductible. Only the amount above that threshold counts.
-ChatGPT
This would be because private insurance (to cover everything) is very expensive. Basic (Medicare A), supplemental (Medicare B), Part D (drug coverage) can add up to quite a bit for people who are not at the IRMAA tier.
Particularly since the sisters are not close, you could speak to an estate planning attorney and look into setting up a trust. If you have concerns about your daughter's future health, there are ways to address that. Be sure to research the reputations of anyone helping with estate planning - getting a few recommendations from trusted friends would also be a start.
Comments
Deductible if you itemize, no? (Had to go to ChatGPT for this info.) You can deduct IRMAA only if: • You itemize deductions (not take the standard deduction), and • Your total medical expenses exceed 7.5% of your AGI. Example: If your AGI is $200,000, the first $15,000 of medical expenses are not deductible. Only the amount above that threshold counts. -ChatGPT
Post: Enough with IRMAA complaining
Link to comment from January 4, 2026
This would be because private insurance (to cover everything) is very expensive. Basic (Medicare A), supplemental (Medicare B), Part D (drug coverage) can add up to quite a bit for people who are not at the IRMAA tier.
Post: Enough with IRMAA complaining
Link to comment from January 4, 2026
Agree. Count your blessings if you have the IRMAA bite.
Post: Enough with IRMAA complaining
Link to comment from January 4, 2026
Particularly since the sisters are not close, you could speak to an estate planning attorney and look into setting up a trust. If you have concerns about your daughter's future health, there are ways to address that. Be sure to research the reputations of anyone helping with estate planning - getting a few recommendations from trusted friends would also be a start.
Post: Some creative thinking…
Link to comment from January 4, 2026