Medicare
Medicare costs for higher incomes: what the income adjustment is and how to appeal
Some people pay an extra amount on top of their Part B and Part D premiums, based on income. It uses your tax return from two years ago, so a recent drop in income may not show up yet.
How it works
Social Security uses your tax return from two years ago to decide whether you owe the extra amount. If your income has dropped since then, you can ask Social Security to use more recent information.
When people ask for a change
- You stopped working or reduced your hours.
- You were married, divorced or widowed.
- You lost income-producing property.
- You had a pension or other income change.
Have this ready when you call
- Your notice from Social Security
- Your last two tax returns
- Documents showing the change in your situation
Common questions
Is the extra amount permanent?
No. It is recalculated each year based on income.
Does it affect my plan's premium?
It is added to your Part B and Part D premiums, not to the plan's own premium, and it is collected by the government.
Related answers
Rather talk it through?
Call 855-367-1095 and a licensed agent will go through your situation with you. There is no charge to ask, and no obligation to enroll.
- Licensed insurance help
- No guaranteed eligibility, pricing, or availability
- Educational starting point
GetFastRates.com is not connected with or endorsed by the U.S. government or the federal Medicare program. Calling connects you with licensed insurance help. Plan availability, costs, benefits, and enrollment rules can vary by state, carrier, and individual situation.