Hello there. Can you please answer a few questions I have about Medicare premiums?
Of course. The law requires an adjustment to your monthly Medicare Part B medical insurance and Medicare prescription drug coverage premiums. This affects less than five percent of people with Medicare. Most people don't pay higher premiums.
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And what if I amended my tax return?
If it changes the income to determine the income - related monthly adjustment amounts your MAGI, let us know. We'll take care of it.
And what if we use the 2017 tax year data?
If you filed a return for tax year 2018 or did not need to file a tax return for tax year 2018, call us or visit any local Social Security office. We'll update our records.
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Where can I find information about all this?
Do you want more information about the income-related monthly adjustment amounts or to apply for Medicare Part A or B?
No, not specifically. I was just asking in general.
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Say, what if I'm single and filed an individual tax return?
Then the following chart applies to you:
