Most people will pay $134/mo for their Part B premiums in 2017, however, people who earned higher incomes in the past could pay an Income Related Monthly Adjustment Amount (IRMAA) up to $428.60/mo. and an extra IRMAA for their Part D Prescription Plan also.
If these people have experienced a life changing event (i.e. work stoppage, work reduction, death of spouse, etc. ), there is a way for these people to get their Part B and Part D IRMAA reduced.
It is a matter of completing this form https://www.ssa.gov/forms/ssa-44.pdf and seeing if Social Security and Medicare will approve your amounts to be reduced.
We have had one of our clients have success with this so it may be worth your while to give it a go!
Wondering how much you will pay for Part B and Part D of Medicare? Check the links below:
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