Hello there, I came here to find more information regarding my tax return.
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Do you want to know how we determine your 2020 income-related monthly adjustment amounts?
No, thank you.
Do we use your 2017 tax year data?
No, you use the most recent tax year data.
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What if I'm affected by loss of income due to the current crisis?
Then we need to see documentation verifying the event and the reduction in your income.
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I see, but this makes me curious. What if my income had increased instead?
In that case you'd pay an additional premium amount for Medicare Part B and Medicare prescription drug coverage. We call the additional amount the income-related monthly adjustment amount.
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Makes sense. Well, what documentation should I bring along to verify my loss of income?
The documentation you provide should relate to the event and may include a death certificate, a letter from your employer about your retirement, or something similar.
