I came here looking for some information regarding my tax return. Perhaps you can answer some questions for me.
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Of course. Do you want to know how we determine your 2020 income-related monthly adjustment amounts?
No, thank you. I have some other, more urgent questions.
Do you want to know what happens if we use the 2017 tax year data?
No, it's fine.
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Instead, can you tell me what happens if I only have Medicare prescription drug coverage?
In that case, you'll pay an income-related monthly adjustment amount only on the benefit you have.
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I see. And what if I filed a federal income tax return for the year?
Then you need to show us your signed copy of the return. Use Form Medicare Income-Related Monthly Adjustment Amount Life-Changing Event to report a major life-changing event.
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Makes perfect sense. Is there anything else I should know about my Medicare premium?
You should be aware that the standard Part B premium for 2020 is $ 144.60.
