- Hi, I'm Sylvia Gordon with Gordon marketing.
Rebecca again is not here due to some health conditions
in our family. So if you're a close to our family,
you might want to call and find out what's going on,
but everybody is okay. So want I to talk about
IRMA, some, a brand new change in IRMA.
That is I think pretty, pretty punitive.
But before I get to IRMA,
I want to tell you guys that Cigna does not pay commission
on their part D drug plans.
You will not be getting paid. (people awwing) Okay.
We get this call every year. Like "where's my money?"
They stopped paying commission about six years ago.
So this is not new.
And if you did write it just know,
we're not getting paid either.
Cause I've had people get mad.
They're like "I wrote 15 plans. You got paid.
Can you pay me? Or can you pay me?"
No, we didn't get paid.
You didn't get paid.
It's non-commissionable.
So make sure if you have down lines,
cascade that information down, they should have known that.
Now let's go back into IRMA.
IRMA is one of those things
that you don't run into that much,
unless you live in a high rent district, right?
If you, if you work primarily with rich people,
then you are more conversant with IRMA.
So most of us are not. And if we are we're,
we're conversant with the very first bracket,
which will be $238. So instead of paying 170.10,
next year, they'll pay $238.
They'll also pay extra for their part D.
But it's based on your income as a couple, right?
Married, filing jointly.
If you make over $182,000,
you will pay the first bracket of IRMA, 238.
So a lot of people are like,
"well, I'm smarter than the government."
So for years they're like, "I'm going to file separately.
I only make $50,000 a year.
He is the one that makes half a million.
I don't want to pay IRMA. He's a jerk.
He has his own checkbook, we don't share money.
We're legally separated," which still, you know,
counts as married, "but we don't get along.
And I don't benefit off his money. And by God,
I'm not going to pay higher part B and D off of him.
I'll file separately."
(record scratches and TV static sounds)
(broadcast voice talking)
Hey, we're going to have a Medicare bootcamp
the second week of January, 2022.
If you want to refresher on Medicare supplement
or Medicare advantage, or part D, or ancillary products,
you could come just one day or the other.
If you have new people that you want to bring on,
this is a great way
for them to get some really deep training.
Or if you have staff administrative staff in your office,
that you would like for them to have a little bit
more conversant knowledge on Medicare,
talk to your marketer,
ask us in the comments for the details.
(windows startup sounds)
Well, the government's onto you.
And it said "no, here's the new rule."
It said,
"if you're married
and you live together at any time
at any time, one day during the taxable year,
but you want to file separately,
you have a different law."
And that is, if you make under $91,000 as an individual,
you're cool,
you're right there at the standard level 170.10.
But if you make $1 over $91,000 on your
modified, adjusted, gross income, your taxes
from two years prior,
$1 over 91,000,
your IRMA is not going to be 238.
It's going to be 374.20. Instead of paying 170.10,
you're going to be paying $544 and 30 cents. We were like,
"well, that doesn't make any sense.
If we would've filed jointly,
our joint income would have been only whatever
$300,000 in our IRMA would have been only 300 bucks.
And now I'm paying 544."
Yeah, that's cause you're trying to beat the system.
So before you try to beat the system,
make sure you understand the new playing field. Okay.
And since it's brand new,
most of your agents aren't going to be watching this video
and they were blissfully unaware
that this thing is now out there.
So people that are trying to beat the system
so that they don't pay IRMA
could very well be paying much more in IRMA
than if they did not beat the system and they filed jointly.
So check it out, Google it, screenshot it, whatever.
If you work with agents
and you have an agency and a downline,
make sure that you do some training on this,
especially if you live in areas
where you will work with a lot of high-income people.
So thank you for joining me. Tune in next week.
We got more exciting things about what's happening in 2022,
as it impacts Medicare and social security.
(upbeat music plays)