There are reasons for Medicare to Increase…. Your income is higher. That’s good and we hope your income stays higher.
But what if it increase because of an unusual event… can we explain that and get it lowered?
Well, yes, kind of and maybe. Check this list. Even if your reason is not on this list, I’d call anyway…. Who knows… everything is subject to change.
Request to lower an Income-Related Monthly Adjustment Amount (IRMAA)
If you’ve had a life-changing event that reduced your household income, you can ask to lower the additional amount you’ll pay for Medicare Part B and Part D.
TYPE OF LIFE CHANGING EVENT
Check ONE life-changing event and fill in the date that the event occurred (MM/DD/YYY). If you had more than one life changing event, please call Social Security at 1-800-772-1213 (TTY 1-800-325-0778).
- Death of your spouse
- Work Reduction
- Loss of Income-Producing Property (does not apply to sale/transfer of property)
- Loss of Pension Income
- Employer Settlement Payment
GOTO www.SSA.gov for more detailed information.