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SAVVY SENIOR: How to appeal Medicare surcharges when your income changes

Summary by Ground News

Many retirees don't realize that monthly premiums for Medicare Part B and Part D are based on your modified adjusted gross income from two years earlier. To determine your 2023 Medicare premium, Social Security uses your 2021 tax return. Sometimes, those changes are enough to convince Social Security that your Medicare premium should be reduced.

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Savvy Senior: How to Appeal Medicare Surcharges When Your Income Changes

Dear Savvy Senior, Is there anything I can do to reduce my high Medicare premium surcharges? Because of my past income, I pay $329.70 per month for my Part B premium and $64.50/month for Part D, but my income has dropped since I retired. Do I have any options? Overcharged Andy Dear Andy, If you’re getting hit with a higher premium for Medicare Part B and Part D and you think it’s unjustified, you can ask Social Security to revisit its decision a…

2 years ago

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