In that situation, the law requires an adjustment to your monthly Medicare Part B medical insurance and Medicare prescription drug coverage premiums.
How high does my income have to be?
If you file your taxes as married, filing jointly and your MAGI (total adjusted gross income and tax-exempt interest income) is greater than $170,000, you'll pay higher premiums for your Part B and Medicare prescription drug coverage.
What income ranges exist?
Are you a high income earner?
Yes.
In that case, you'll 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.
What if I disagree with the amount I'm supposed to pay?
On a previous ruling, you don't need to file an appeal if you're requesting a new decision because you experienced one of the events listed and, it made your income go down, or if you've shown us the information we used is wrong.
What if my income isn't greater than $170,000?