{"id":4240,"date":"2022-01-07T15:18:29","date_gmt":"2022-01-07T20:18:29","guid":{"rendered":"https:\/\/yourcarerep.com\/YCR-BU\/?p=4240"},"modified":"2022-02-11T10:01:41","modified_gmt":"2022-02-11T15:01:41","slug":"shocked-by-your-medicare-irmaa-increase-heres-how-to-appeal-it","status":"publish","type":"post","link":"https:\/\/yourcarerep.com\/YCR-BU\/shocked-by-your-medicare-irmaa-increase-heres-how-to-appeal-it\/","title":{"rendered":"Shocked By Your Medicare IRMAA Increase? Here\u2019s How to Appeal It"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"4240\" class=\"elementor elementor-4240\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a2aafee elementor-section-stretched elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a2aafee\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;stretch_section&quot;:&quot;section-stretched&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-302934b\" data-id=\"302934b\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3eac4d5 elementor-widget elementor-widget-text-editor\" data-id=\"3eac4d5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Shocked By Your Medicare IRMAA Increase? Here\u2019s How to Appeal It<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-756bf69 elementor-section-stretched elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"756bf69\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;stretch_section&quot;:&quot;section-stretched&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-8e08781\" data-id=\"8e08781\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3f840b3 elementor-widget elementor-widget-image\" data-id=\"3f840b3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/yourcarerep.com\/YCR-BU\/wp-content\/uploads\/elementor\/thumbs\/Shocked-senior-lady-at-Medicare-premium-pmjp4jxirs56ngupjvx1bo16xtzf5qth8f01igl35s.jpg\" title=\"Shocked-senior-lady-at-Medicare-premium\" alt=\"Shocked senior lady at Medicare premium\" loading=\"lazy\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f0f8fd3 elementor-widget elementor-widget-text-editor\" data-id=\"f0f8fd3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The American dream is to prosper and provide a better life for our families and children than we had. That means different things for many but earning well is part of the plan. As we get closer to retirement, we want to earn as much as possible, since Social Security determines one\u2019s monthly payment based on the final two years of earnings. But that also may mean a higher Part-B and -D premium for Medicare. However, often what we earn upon retirement is less than two years previously. Did you know you can appeal your Medicare IRMAA surcharge? Here\u2019s how.<\/p><h2>What Is IRMAA?<\/h2><p>Many people aren\u2019t aware that IRMAA exists, because only about 7% of the 63.3 million Medicare beneficiaries (4.4 million) have to pay the surcharge. IRMAA (Income Related Monthly Adjustment Amount) is a means-tested way of charging Medicare\u2019s Part-B and Part-D premiums. The more you earn, the higher the amount. You can see the table below for 2022\u2019s Part-B IRMAA rates.<\/p><p><img fetchpriority=\"high\" decoding=\"async\" class=\"size-full wp-image-4243 aligncenter\" src=\"https:\/\/yourcarerep.com\/YCR-BU\/wp-content\/uploads\/2022\/01\/2022-IRMAA-rates-table.jpg\" alt=\"2022 Part-B IRMAA Chart\" width=\"623\" height=\"825\" srcset=\"https:\/\/yourcarerep.com\/YCR-BU\/wp-content\/uploads\/2022\/01\/2022-IRMAA-rates-table.jpg 623w, https:\/\/yourcarerep.com\/YCR-BU\/wp-content\/uploads\/2022\/01\/2022-IRMAA-rates-table-227x300.jpg 227w, https:\/\/yourcarerep.com\/YCR-BU\/wp-content\/uploads\/2022\/01\/2022-IRMAA-rates-table-57x75.jpg 57w\" sizes=\"(max-width:767px) 623px, 623px\" \/><\/p><p>Therefore, contrary to popular belief, $170.10 is not the only rate.<\/p><h2>How Is IRMAA Calculated?<\/h2><p>IRMAA is calculated on your earnings two (2) years before taking Part-B. For most people this is at 63 since they get their Part-B at 65. However, if you continue to work and choose to take Medicare at 67, for example, then it would be based on your income at 65. If you look at the chart above, look at your income tax form from two years ago, and you can anticipate what your IRMAA will be, if applicable.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6e3f75b9 elementor-section-full_width elementor-section-stretched elementor-section-height-default elementor-section-height-default\" data-id=\"6e3f75b9\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;stretch_section&quot;:&quot;section-stretched&quot;,&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-4721382b\" data-id=\"4721382b\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-73400e76 elementor-widget elementor-widget-text-editor\" data-id=\"73400e76\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Subscribe to our newsletter and get the <span style=\"color: #dbae1d;\"><strong>FREE<\/strong> <\/span>Medical Information document for streamlined emergencies or hospitalization.<span style=\"color: #dbae1d;\"><strong> A MUST HAVE FOR CAREGIVERS! <\/strong><\/span>Don&#8217;t let changes take you by surprise! Stay in the know.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-2250034f\" data-id=\"2250034f\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7ce3d868 elementor-widget elementor-widget-text-editor\" data-id=\"7ce3d868\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><script>(function() {\n\twindow.mc4wp = window.mc4wp || {\n\t\tlisteners: [],\n\t\tforms: {\n\t\t\ton: function(evt, cb) {\n\t\t\t\twindow.mc4wp.listeners.push(\n\t\t\t\t\t{\n\t\t\t\t\t\tevent   : evt,\n\t\t\t\t\t\tcallback: cb\n\t\t\t\t\t}\n\t\t\t\t);\n\t\t\t}\n\t\t}\n\t}\n})();\n<\/script><style>.mc4wp-form-94 input[type=\"submit\"],\n.mc4wp-form-94 button {\n    color: black;\n    background-color: #dbae1d;\n    border-color: #c29504;\n}\n\n.mc4wp-form-94 input[type=\"submit\"]:hover,\n.mc4wp-form-94 button:hover,\n.mc4wp-form-94 input[type=\"submit\"]:active,\n.mc4wp-form-94 button:active,\n.mc4wp-form-94 input[type=\"submit\"]:focus,\n.mc4wp-form-94 button:focus {\n    color: black;\n    background-color: #c29504;\n    border-color: #a87b00;\n}\n\n.mc4wp-form-94 input[type=\"text\"]:focus,\n.mc4wp-form-94 input[type=\"email\"]:focus,\n.mc4wp-form-94 input[type=\"tel\"]:focus,\n.mc4wp-form-94 input[type=\"date\"]:focus,\n.mc4wp-form-94 input[type=\"url\"]:focus,\n.mc4wp-form-94 textarea:focus,\n.mc4wp-form-94 select:focus {\n    border-color: #dbae1d;\n}\n<\/style><!-- Mailchimp for WordPress v4.15.0 - https:\/\/wordpress.org\/plugins\/mailchimp-for-wp\/ --><form id=\"mc4wp-form-1\" class=\"mc4wp-form mc4wp-form-94 mc4wp-form-form-theme-custom-color\" method=\"post\" data-id=\"94\" data-name=\"Subscription\" ><div class=\"mc4wp-form-fields\"><p>\r\n    <input type=\"text\" name=\"FNAME\" placeholder=\"Name\" required \/>\r\n  \t<input type=\"email\" name=\"EMAIL\" placeholder=\"Email\" required \/><br><br>\r\n\t<input type=\"submit\" value=\"Sign me up\" \/>\r\n<\/p><\/div><label style=\"display: none !important;\">Leave this field empty if you&#039;re human: <input type=\"text\" name=\"_mc4wp_honeypot\" value=\"\" tabindex=\"-1\" autocomplete=\"off\" \/><\/label><input type=\"hidden\" name=\"_mc4wp_timestamp\" value=\"1794155380\" \/><input type=\"hidden\" name=\"_mc4wp_form_id\" value=\"94\" \/><input type=\"hidden\" name=\"_mc4wp_form_element_id\" value=\"mc4wp-form-1\" \/><div class=\"mc4wp-response\"><\/div><input\n                    class=\"apbct_special_field apbct_email_id__elementor_form\"\n                    name=\"apbct__email_id__elementor_form\"\n                    aria-label=\"apbct__label_id__elementor_form\"\n                    type=\"text\" size=\"30\" maxlength=\"200\" autocomplete=\"off\"\n                    value=\"\"\n                \/><\/form><!-- \/ Mailchimp for WordPress Plugin --><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-0c545d7 elementor-section-stretched elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"0c545d7\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;stretch_section&quot;:&quot;section-stretched&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-dfcbf67\" data-id=\"dfcbf67\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-809cb8f elementor-widget elementor-widget-text-editor\" data-id=\"809cb8f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2>Who Can Eliminate or Lower Their IRMAA?<\/h2><p>What if you are no longer earning at that level? What if your income dropped below $182,000 if married filing a joint tax return, or $91,000 if you\u2019re single, due to a life-changing event? Or, what if you were really blessed and fell into the second or third tier, but now are earning at a lesser tier? You will have your IRMAA assessed on income you no longer have. If this were the case for you, you could possibly reduce your IRMAA or maybe even eliminate it.<\/p><p>Since The Social Security Administration cannot look at your current modified adjusted gross income, they must assess the surcharge based on what information they have available to them. \u00a0However, you can make them aware of your current income level and have your IRMAA reassessed. You do this by filing an appeal.<\/p><h2>How Do I File an Appeal for IRMAA?<\/h2><p>In order to qualify for an appeal, you must prove a life-changing event took place after the year of assessment. For example, if your assessment was made on your 2020 taxes, but:<\/p><ul><li>The pandemic devasted your business or work and you lost income.<\/li><li>You lost income-producing property you owned because there were no tenants, or they were not paying their lease.<\/li><li>Your spouse died and his or her income was no longer available.<\/li><li>You went through a divorce, or you got married, and it affected your income.<\/li><\/ul><p>\u2026and the loss in income is reflected in your 2021- or 2022-income taxes, you can request a reassessment. You do this by filing the <strong><a href=\"https:\/\/www.ssa.gov\/forms\/ssa-44-ext.pdf\" target=\"_blank\" rel=\"noopener\">MEDICARE INCOME-RELATED MONTHLY ADJUSTMENT AMOUNT \u2013 LIFE-CHANGING EVENT<\/a><\/strong> form, <strong><a href=\"https:\/\/www.ssa.gov\/forms\/ssa-44-ext.pdf\" target=\"_blank\" rel=\"noopener\">FORM SSA-44<\/a><\/strong>.<\/p><p>In order to win your appeal, you will want to provide as much evidence as possible that supports your claim. Things to consider:<\/p><ul><li>A recent tax return that reflects the loss<\/li><li>A letter from your former employer stating you retired<\/li><li>Pay stubs and bank statements<\/li><li>A death certificate or divorce decree<\/li><li>A marriage license and documentation supporting the loss of income due to the marriage (or increase in dependents)<\/li><\/ul><p>While your IRMAA is reassessed annually and will change based on your income and circumstances eventually, a year or two of paying a surcharge adds up to a lot of money. Why wait one or two years before it\u2019s removed or lowered when you can have that happen now?<\/p><p>If you have any questions or just need help ensuring you are receiving every benefit or program you are entitled to, talk to your agent. If you don\u2019t have one, reach out to me here at YourCareRep.com. As a fiduciary agent, I am morally and legally obligated to do only what\u2019s in your best interest, and I\u2019m not captured by any insurance carrier. Therefore, I am only beholden to you. Also, if you\u2019ve not done so, subscribe to our newsletter to make sure you never miss an article full of money-saving tips and news that affect your benefits.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Shocked By Your Medicare IRMAA Increase? Here\u2019s How to Appeal It The American dream is to prosper and provide a better life for our families and<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>\n","protected":false},"author":1,"featured_media":4241,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-4240","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"jetpack_featured_media_url":"https:\/\/yourcarerep.com\/YCR-BU\/wp-content\/uploads\/2022\/01\/Shocked-senior-lady-at-Medicare-premium.jpg","_links":{"self":[{"href":"https:\/\/yourcarerep.com\/YCR-BU\/wp-json\/wp\/v2\/posts\/4240","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/yourcarerep.com\/YCR-BU\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/yourcarerep.com\/YCR-BU\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/yourcarerep.com\/YCR-BU\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/yourcarerep.com\/YCR-BU\/wp-json\/wp\/v2\/comments?post=4240"}],"version-history":[{"count":0,"href":"https:\/\/yourcarerep.com\/YCR-BU\/wp-json\/wp\/v2\/posts\/4240\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/yourcarerep.com\/YCR-BU\/wp-json\/wp\/v2\/media\/4241"}],"wp:attachment":[{"href":"https:\/\/yourcarerep.com\/YCR-BU\/wp-json\/wp\/v2\/media?parent=4240"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/yourcarerep.com\/YCR-BU\/wp-json\/wp\/v2\/categories?post=4240"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/yourcarerep.com\/YCR-BU\/wp-json\/wp\/v2\/tags?post=4240"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}