Seniors

SheltieLover

(81,715 posts) Wed Feb 16, 2022, 06:37 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

= new reply since forum marked as read

Highlight:

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

(3,871 posts)

1. I Got Hit Big Time Because of IRMAA

Reply to SheltieLover (Original post)

Wed Feb 16, 2022, 07:28 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.

SheltieLover

(81,715 posts)

3. Nice you got an extra year of salary, though!

Reply to Indykatie (Reply #1)

Wed Feb 16, 2022, 08:36 PM

Feb 2022

Really pricy!

sinkingfeeling

(58,038 posts)

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

Reply to SheltieLover (Original post)

Wed Feb 16, 2022, 08:16 PM

Feb 2022

you pay the IRMAA all year. What upset me was the hit to Part D, which I don't even have.

SheltieLover

(81,715 posts)

4. How did they charge you for Part D when you don't have it?

Reply to sinkingfeeling (Reply #2)

Wed Feb 16, 2022, 08:37 PM

Feb 2022

Sorry to hear about your sister.

sinkingfeeling

(58,038 posts)

5. They just dud.

Reply to SheltieLover (Reply #4)

Wed Feb 16, 2022, 09:06 PM

Feb 2022

SheltieLover

(81,715 posts)

6. That's weird

Reply to sinkingfeeling (Reply #5)

Wed Feb 16, 2022, 10:05 PM

Feb 2022

Reply to this discussion

Kick in to the DU tip jar?

This week we're running a special pop-up mini fund drive. From Monday through Friday we're going ad-free for all registered members, and we're asking you to kick in to the DU tip jar to support the site and keep us financially healthy.

As a bonus, making a contribution will allow you to leave kudos for another DU member, and at the end of the week we'll recognize the DUers who you think make this community great.