Increased Retiree Health Insurance
Premium - Sharing: While most employers — public and private — do not reimburse retirees for the cost of Medicare Part B
premiums, New York State pays for the standard
premium and the Income - Related
Monthly Adjustment Amounts (IRMAA) levied on
high - income retirees (couples with incomes in excess of $ 170,000 per year).13 Under the Governor's proposal, the State would cap the amount retirees are reimbursed at current levels and discontinue IRMAA reimbursements for those most able to
afford the costs of health insurance.