Philliefan33
Thinks s/he gets paid by the post
- Joined
- Oct 20, 2014
- Messages
- 1,677
November 2018 is when DH starts Medicare. A couple of months ago, he got the letter telling him that he is subject to IRMAA based on our 2016 income. Thanks to what I learned on this forum, it was not a surprise to me. DH’s contracting gig was substantial in 2015-2016, raising our income significantly.
Our 2017 income was below the IRMAA threshold because DH did very little contracting. He filled out the SSA-44 to claim a life-changing event, but it was denied for lack of proof. Our 2017 1040 is not enough to prove that he is no longer working, we need either a letter from our accountant (that would be me) or a letter from the company he previously contracted with stating that they no longer contract with DH. Sort of annoying, because he contracted with multiple companies.
My question is: At what point of the calendar year does the automatic revisit of IRMAA happen? If the premiums for 2019 are recalculated in January 2019 using the 2017 tax return, our income will be below the threshold. If that’s the case, it’s not worth our time to try to produce proof of a LCE. Ww will pay the IRMAA for Nov/Dec 2018 and be done with it.
If, however, the IRMAA will not be revisited until November 2019, I’m going to find some way to prove that DH is no longer working.
Our 2017 income was below the IRMAA threshold because DH did very little contracting. He filled out the SSA-44 to claim a life-changing event, but it was denied for lack of proof. Our 2017 1040 is not enough to prove that he is no longer working, we need either a letter from our accountant (that would be me) or a letter from the company he previously contracted with stating that they no longer contract with DH. Sort of annoying, because he contracted with multiple companies.
My question is: At what point of the calendar year does the automatic revisit of IRMAA happen? If the premiums for 2019 are recalculated in January 2019 using the 2017 tax return, our income will be below the threshold. If that’s the case, it’s not worth our time to try to produce proof of a LCE. Ww will pay the IRMAA for Nov/Dec 2018 and be done with it.
If, however, the IRMAA will not be revisited until November 2019, I’m going to find some way to prove that DH is no longer working.