A financial columist (Brurns) got letters from new Medicare recipients
many were being charged the medicare monthly surcharge which
is $161 in 2007 (increases to $384 by 2009) automatically
subtracted from your social security check. Apparently the SSA
defaults your income at age 63 to determine your medicare premium,
when you may or may not have retired yet.

http://www.ssa.gov/pubs/10162.html

There is a procedure to correct this in the SSA memo, but requires
lots of paperwork.

On Aug 10, 8:55 am, rick++ <rick...@hotmail.com> wrote:

A financial columist (Brurns) got letters from new Medicare recipients
many were being charged the medicare monthly surcharge which
is $161 in 2007 (increases to $384 by 2009) automatically
subtracted from your social security check. Apparently the SSA
defaults your income at age 63 to determine your medicare premium,
when you may or may not have retired yet.

http://www.ssa.gov/pubs/10162.html


I'm not sure what you are whining about.

They use your income on the last federal income tax return available
from the IRS. You can supply a later one if it is to your advantage.

Dave Dodson wrote:
On Aug 10, 8:55 am, rick++ <rick...@hotmail.com> wrote:

A financial columist (Brurns) got letters from new Medicare recipients
many were being charged the medicare monthly surcharge which
is $161 in 2007 (increases to $384 by 2009) automatically
subtracted from your social security check. Apparently the SSA
defaults your income at age 63 to determine your medicare premium,
when you may or may not have retired yet.

http://www.ssa.gov/pubs/10162.html


I'm not sure what you are whining about.

They use your income on the last federal income tax return available
from the IRS. You can supply a later one if it is to your advantage.

I didn't hear whining, what I heard was that my old people need to
proactively supply numbers to the SSA each year. One more thing to add
to the list of actions I visit each year. For many of these people who
have no knowledgable planner, they may miss this altogether, and pay
more than they need to. (Like the 'donate some of your IRA RMD in
06/07', which would have gone overlooked for those who would benefit)
JOE

Do they have to do this every year or only when first enrolling in
part B?
Thumper

Thumper wrote:
Do they have to do this every year or only when first enrolling in
part B?
Thumper

A change in income due to a short list of circumstances. So something to
keep in mind, but no need to report each year unless one of the events
occurred.
JOE