2027 Social Security & Medicare ALERT: What You’ll Actually Keep

Chapter helps you compare every Medicare Advantage, Medicare Supplement, and Part D plan for free, with support before and after enrollment. Call 510-961-3329 or visit chapter.com/erin Your 2027 Social Security check may increase, but Medicare premiums, Part D costs, and IRMAA surcharges will determine how much of that COLA you actually keep. In this video, we break down the projected 2027 Social Security COLA, estimated at around 3.5% to 3.6%, and show what that could mean for monthly benefits of $2,000, $3,000, and $4,000. We’ll also explain projected 2027 Medicare Part B premiums, Part D deductible and out-of-pocket changes, IRMAA brackets, the two-year lookback rule, and how being just $1 over an income threshold could trigger costly surcharges. You’ll learn how Roth conversions, IRA and 401(k) withdrawals, RMDs, capital gains, pensions, municipal bond interest, and taxable Social Security can affect Medicare MAGI. These figures are still projections, but understanding them now can help you plan smarter for Social Security, Medicare, IRMAA, and retirement taxes. 00:00 - Intro: 2027 Social Security and Medicare: What You’ll Actually Keep 01:06 - What’s Confirmed vs. What’s Still Projected 03:00 - The Potential 2027 Social Security Increase 04:37 - Where Part of That Raise Goes: Medicare Part B 05:24 - Part D: The Real Story: Deductible and Out-of-Pocket Changes 08:00 - Making Medicare Simpler With Chapter 09:18 - IRMAA: A Shrinking Subsidy, Not Just a Surcharge 10:21 - The Projected 2027 IRMAA Brackets 11:53 - The Two-Year Lookback: When Your Income Matters 13:05 - Why IRMAA Is a Cliff: One Dollar = $1,200+ 14:24 - The Decisions That Can Trigger IRMAA: Don’t Plan in a Vacuum 17:34 - How to Appeal an IRMAA Determination: Form SSA-44 18:42 - Your Action Plan: 5 Steps + Key Dates 20:04 - Closing: What You Can Actually Plan Around 21:34 - Bloopers Chapter and its affiliates are not connected with or endorsed by any government entity or the federal Medicare program. Chapter Advisory, LLC represents Medicare Advantage HMO, PPO, and PFFS organizations and stand alone prescription drug plans that have a Medicare contract. Enrollment depends on the plan’s contract renewal. While we have a database of every Medicare plan nationwide and can help you to search among all plans, we have contracts with many but not all plans. As a result, we do not offer every plan available in your area. Currently we represent 50 organizations which offer 18,160 products nationwide. We search and recommend all plans, even those we don’t directly offer. You can contact a licensed Chapter agent to find out the number of products available in your specific area. Please contact Medicare.gov, 1-800-Medicare, or your local State Health Insurance Program (SHIP) to get information on all of your options. Erin Moriarity has a financial relationship with Chapter and may receive compensation if you use this affiliate link. Chapter is not affiliated with Root Financial Partners, LLC. Feeling unsure about your financial future? My team at Root Financial can help: https://learn.rootfinancial.com/erin Connect with me on LinkedIn for charts & daily retirement insights: LinkedIn: erintalksmoney Some of my favorite books: https://amzn.to/3KF3tlr Camera & equipment I use: https://amzn.to/3Z20lof Join the family & subscribe to my channel here: erintalksmoney Thanks for watching, I appreciate you! Advisory services are offered through Root Financial Partners, LLC, an SEC-registered investment adviser. This content is intended for informational and educational purposes only and should not be considered personalized investment, tax, or legal advice. Viewing this content does not create an advisory relationship with Root Financial. We do not provide tax preparation or legal services. Always consult an investment, tax or legal professional regarding your specific situation. The strategies, case studies, and examples discussed may not be suitable for everyone. They are hypothetical and for illustrative and educational purposes only. They do not reflect actual client results and are not guarantees of future performance. All investments involve risk, including the potential loss of principal. Comments reflect the views of individual users and do not necessarily represent the views of Root Financial. They are not verified, may not be accurate and should not be considered testimonials or endorsements.