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.
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.
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.
Makes sense. Well, what documentation should I bring along to verify my loss of income?