Seniors

SheltieLover

(59,808 posts) Wed Feb 16, 2022, 05:37 PM Feb 2022

Retiring and enrolling in Medicare: You may need to appeal premium surcharges if your income is drop

https://www.cnbc.com/amp/2022/02/15/retiring-and-enrolling-in-medicare-how-to-appeal-higher-premiums.html

About 7% of Medicare's 63.3 million beneficiaries end up paying extra for premiums because their income is high enough for "income-related monthly adjustment amounts," or IRMAAs, to kick in.

You can appeal those surcharges, although you generally have to wait until you receive a determination from the Social Security Administration.

If the agency approves, any IRMAAs you paid would be credited to your bill.

More at link.

6 replies

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Retiring and enrolling in Medicare: You may need to appeal premium surcharges if your income is drop (Original Post) SheltieLover Feb 2022 OP

I Got Hit Big Time Because of IRMAA Indykatie Feb 2022 #1

Nice you got an extra year of salary, though! SheltieLover Feb 2022 #3

I got hit when my sister died and I got her IRA. One time hit to my taxable income, but sinkingfeeling Feb 2022 #2

How did they charge you for Part D when you don't have it? SheltieLover Feb 2022 #4

They just dud. sinkingfeeling Feb 2022 #5

That's weird SheltieLover Feb 2022 #6

Indykatie

(3,853 posts)

1. I Got Hit Big Time Because of IRMAA

Reply to SheltieLover (Original post)

Wed Feb 16, 2022, 06:28 PM

Feb 2022

I knew I'd have to pay the extra surcharge but I was stunned to find I'd be paying $544 a month for Part B and $97 extra for the Part D plan I took in the first year. I took an early retirement deal that came with 12 months of salary. I retired on 12/1 so my 12 months of pay extended into the next year. So I'm on my second year of high IRMAA adjustments.