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Appeal your Part B IRMAAs

1/27/2020

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Are you paying more than the base Part B Premium of $144.60/month?
​

If so, this is most likely because your income is above the base level amounts for the Part B Premiums ($87,000 / year for single, or $174,000 /year for joint filers).

These Income Related Monthly Adjustment Amounts (IRMAAs) are intended to have higher income earners pay a higher portion of their Part B (and Part D) expenses to the government.

Here is a short video that helps explain the IRMAAs as well.

Since we haven't filed our 2019 Tax Returns yet, the government uses the 2018 Tax Return to determine the 2020 Premiums.  For some individuals, they may be eligible to appeal the IRMAAs if they had a qualifying event since 2018.  The types of life events that could qualify for an appeal are below:
  • Marriage
  • Divorce/Annulment
  • Death of your Spouse
  • Work Stoppage
  • Work Reduction
  • Loss of Income-Producing Property
  • Loss of Pension Income
  • Employer Settlement Payment
​​
Here is a link to the form SSA-44 that you can use to Appeal the IRMAAs if you had one of the key qualifying events in a prior year's income that was used to determine your IRMAA. 

You must start the appeal process within 60 days of receiving the letter from the government about the IRMAA, so if you received the IRMAA letter in December, your appeal window may be running out.

You can give us a call if you have any questions and/or if you would like to review your Medicare Supplement Plans to make sure you have the most cost-effective options.


Call now -
908-272-1970 (Cranford Office) or
856-866-8900 (Moorestown Office)
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Moorestown Office |  214 W. Main Street, Suite 101, Moorestown, NJ 08057 | Tel:856-866-8900
 Servicing Moorestown, Cherry Hill, Mount Laurel, Haddonfield, Voorhees, Medford, Marlton,  Philadelphia, surrounding towns, and licensed in 30+ other states as well.
 
Cranford Office        |  15 Alden Street, Suite 8, Cranford, NJ 07016                  | Tel: 908-272-1970 
 Servicing Cranford, Westfield, Summit, Scotch Plains, Mountainside, Berkeley Heights, New      Providence, Basking Ridge, surrounding towns, and licensed in 30+ other states as well.
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Phoenix Office  | P.O. Box 
71283. Phoenix, AZ 85050.                                         | Tel:  602- 996-1549
Servicing Phoenix, Scottsdale, Peoria, Sun City, Sun City West, Paradise Valley, Fountain Hills, Cave Creek, surrounding towns and licensed in 30+ other states as well.

Email:  info@senior-advisors.com                                     (Se Habla Español -Tel: 908.481.5678)   

We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or ‍1-800-MEDICARE to get information on all of your options.  Not connected with or endorsed by the United States government or the federal Medicare program.
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  • Home
  • FREE Quotes
  • About YOU
    • Turning 65, Ready to enroll?
    • Working Past Age 65?
    • Already on Medicare, Looking to Save Money?
    • Currently on a Retiree Plan?
  • About Us
  • Products
    • Medicare Supplements & Medicare Advantage >
      • Medicare Supplement - Plan F >
        • Plan F (2022)
        • Plan F (2023)
      • Medicare Supplement - Plan G >
        • Plan G (2022)
        • Plan G (2023)
      • Medicare Supplement - Plan N >
        • Plan N (2022)
        • Plan N (2023)
    • Medicare Part D - Prescription
    • Medicare & Dental
    • International Travel
    • Long-Term Care Insurance
    • Cancer and Heart Attack or Stroke Insurance
    • Medigap Plans
  • Workshops
    • Register for Workshop
    • Watch Workshop Now
  • Carrier Partners
  • Medicare Blog
  • Testimonials
  • Contact Us
  • Become an Agent
  • Areas We Serve
    • Basking Ridge, NJ
    • Livingston NJ
    • Medford, NJ
    • Mountainside, NJ
    • Mount Laurel, NJ
    • Philadelphia, PA
    • Phoenix, AZ
    • Scotch Plains, NJ
    • Scottsdale, AZ
    • Short Hills, NJ
    • Summit, NJ
    • Westfield, NJ
    • Princeton, NJ
    • Washington Township
    • Monroe Township, NJ
  • Medicare FAQs
  • Coffee with Justin
  • Medicare Minute