Has your income gone down due to any of the following situations, and the change makes a difference in the income level we consider?
No. It has gone up, actually.
What would happen if I earned less, like you suggested?
In that case we would need to see documentation verifying the event and the reduction in your income.
I see. So how exactly do you determine my income-related adjustment amounts?
Well, we use your most recent federal tax return the IRS provides to us. This information is from a tax return filed in 2019 for tax year 2018. Sometimes, the IRS only provides information from a return filed in 2018 for tax year 2017.
So if I had less income, what would I need to do? My wife has that issue currently.
In that case we need to see documentation verifying the event and the reduction in your income. The documentation you provide should relate to the event and may include a death certificate, a letter from your employer about your retirement, or something similar.
That's what I thought. And how high are the monthly medicare premiums?