Making Changes After a Medicare High-Income Surcharge
Surcharge is based on your last tax return on file.
Question:
I retired this year, so my income next year will be much lower. But I just received notice of a high-income surcharge on my Medicare premiums. Is there a way to use my newer, lower income? --M.S., Yuma, Ariz.
Answer:
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Yes. Single filers who have more than $85,000 in adjusted gross income plus tax-exempt interest income, and those who are married filing jointly who have more than $170,000, have to pay extra for Medicare Part B and Part D. The surcharge is based on your last tax return on file—generally 2016 income for 2018 premiums.
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