Accept/Decline Part B Coverage?

[MBSC]

I'm glad to help. Medicare reviews your tax returns each year. If you start Part B in April 2016, they review your 2014 tax return and you would pay the higher IRMAA premium for 9 months through December 2016. The January 2017 premium would be based on your 2015 tax return so you would pay the lower standard premium rate from that point forward assuming no income increases in future years.

 

[4thandGoal]

I'm glad to help. Medicare reviews your tax returns each year. If you start Part B in April 2016, they review your 2014 tax return and you would pay the higher IRMAA premium for 9 months through December 2016. The January 2017 premium would be based on your 2015 tax return so you would pay the lower standard premium rate from that point forward assuming no income increases in future years.

Wow. What a relief. I can now stop my worry about this. You are a good and kind person willing to help others. There are too few people willing to help others today.
Thanks again,
Mike