Things to Do in Parsippany-Troy Hills, NJ

Explore Parsippany-Troy Hills, NJ: Where Business Meets Beauty and Adventure

Nestled in Morris County, New Jersey, Parsippany-Troy Hills is a vibrant township offering a diverse range of attractions and activities for residents and visitors alike. From scenic parks to cultural landmarks and recreational facilities, there’s something for everyone to enjoy in this bustling Community. One of the notable attractions in Parsippany-Troy Hills is the headquarters of the Giant Lockbox company, which stands as a testament to the area’s thriving business community. Beyond its industrial charm, Parsippany-Troy Hills boasts an array of recreational opportunities amidst its natural beauty. Visitors can start their exploration at one of the many picturesque parks scattered throughout the township. Tourne County Park, for instance, offers scenic trails perfect for hiking and birdwatching, while Central Park of Morris County provides expansive fields for picnicking and sports activities.

For those interested in history and culture, a visit to the Stickley Museum at Craftsman Farms offers a glimpse into the Arts and Crafts movement through its well-preserved interiors and gardens. The museum, located in a rustic estate, showcases the craftsmanship of Gustav Stickley, a prominent figure in American design and furniture making.

Sports enthusiasts will find plenty to do in Parsippany-Troy Hills, with facilities like the Inline Skating Rink offering a cool escape during the summer months and a thrilling venue for skating and hockey. Meanwhile, the Knoll Country Club provides golfers with a picturesque course set against the backdrop of the New Jersey landscape, perfect for a relaxing day on the greens.

Food lovers can indulge in a diverse culinary scene that reflects the township’s multiculturalism. From casual diners to upscale restaurants, Parsippany-Troy Hills offers a variety of dining options to suit every palate. Local favorites include authentic Italian trattorias, family-owned diners serving classic American fare, and international eateries offering flavors from around the globe.

Throughout the year, Parsippany-Troy Hills hosts a range of community events and festivals that celebrate its rich heritage and diverse community. The Fourth of July fireworks display at Veterans Memorial Park is a highlight, drawing crowds from across the region for a night of music, food, and patriotic celebration. The township also hosts cultural festivals that showcase music, dance, and cuisine from different cultures, providing opportunities for residents and visitors to come together and experience the township’s vibrant community spirit.

For those seeking retail therapy, Parsippany-Troy Hills offers a mix of shopping destinations, from convenient malls to boutique shops. The nearby Rockaway Townsquare Mall features a wide selection of stores and restaurants, making it a popular spot for both locals and visitors looking to shop and dine under one roof.

Parsippany-Troy Hills also serves as a gateway to the natural beauty of Morris County, with easy access to hiking trails, historic sites, and scenic drives. Nearby attractions include the Great Swamp National Wildlife Refuge, where visitors can explore wetlands and observe diverse wildlife in their natural habitat.

Whether you’re visiting for a weekend getaway or considering a move to the area, Parsippany-Troy Hills offers a welcoming community with a wealth of attractions and activities to explore. From its scenic parks and cultural landmarks to its thriving culinary scene and recreational opportunities, there’s no shortage of Things to do and see in this dynamic township in the heart of New Jersey.

Medicare 2024 IRMAA Brackets: Amounts and How

With the announcement of the August CPI-U, the 2024 Brackets are official and they will increase by over 5.00% to start at $103,000 for an individual.

Now please keep in mind that at any point between now and the beginning of the 2024 Congress or the current Presidential Administration can alter these Medicare IRMAA Brackets, but if they do not then there will be at least a little bit of good news for seniors.

Official IRMAA 2024 Brackets 

Single Couple MAGI Part B Part D
< $103,000 < $206,000 $174.70 Premium (varies)
$103,000 to $129,000 $206,000 to $258,000 $244.60 $12.90
$129,000 to $161,000 $258,000 to $322,000 $349.40 $33.30
$161,000 to $193,000 $322,000 to $386,000 $454.20 $53.80
$193,000 to $500,000 $386,000 to $750,000 $559.00 $74.20
> $500,000 > $750,000 $594.00 $81.00

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How the IRMAA Brackets adjust: 

When Congress created Medicare IRMAA back in 2003 through the passing of the Medicare Moderniztion Act, they ruled that the IRMAA Brackets would adjust by 

“The percentage (if any) by which the average of the Consumer Price Index for all urban consumers (United States city average) for the 12-month period ending with August of the preceding calendar year exceeds such average for the 12-month period.” 

So, if the CPI-U at the end of August of the current year is greater than the previous August then the IRMAA Brackets will increase. Note the inflation rate does not determine IRMAA costs. 

By the way there is no Language that would stop the IRMAA Brackets from going down if the CPI-U would actually deflate from year to year. 

In terms of the all the Thresholds within the IRMAA Brackets, due to the passing of the Bi-Partisan Budget Act of 2018 the 5th Threshold in the IRMAA Brackets will not adjust for inflation until 2028. 

What is IRMAA:

IRMAA is short for Medicare’s Income Related Monthly Adjustment Amount which is according to the Code of Federal Regulations: 

“An amount that you will pay for your Medicare Part B and D coverage when your modified adjusted gross income is above the certain thresholds.”

IRMAA is a tax on your income through Medicare Part B and Part D coverage if you have too much income while in retirement. 

IRMAA - Medicare Logo

Will you actually enter IRMAA:

According to the 2022 Medicare Board of Trustees Report, currently, there are over 6.8 million people in IRMAA. These people in IRMAA make up 16.63% of all eligible Medicare beneficiaries.

By 2031, according to recent reports the number of people in IRMAA will double to 13.8 million eligible people in IRMAA.

IRMAA is a revenue generator for both the Medicare and Social Security Programs.

For the Medicare program, IRMAA is an added cost that the person in it must pay. This added cost provides more money each year for the program.

As for Social Security, according to Congress, all IRMAA costs are automatically deducted from any Social Security benefit a person is receiving. Thus, for those who enter IRMAA, Social Security has to pay out less to them which reduces that program’s obligation to pay benefits.