You Can Appeal a Medicare Premium Surcharge
If your income has dropped in the past two years, there’s a good chance you can get your surcharge eliminated or reduced.
Retirees are paying sharply higher premiums for Medicare Part B in 2022 — an increase of 14.5% from 2021. The price hike was even more jarring for a subset of seniors who are subject to the Medicare high-income surcharge—also known as the income-related monthly adjustment amount (IRMAA).
Although the standard premium for Medicare Part B, which covers doctor’s visits and outpatient services, is $170.10, seniors who are hit with the surcharge will pay from $238.10 to $578.30, depending on their income. A surcharge also applies to premiums for Part D, which covers prescription drugs. In addition to the standard premium for their Part D plan (which varies, depending on the plan), high-income beneficiaries will pay a surcharge of $12.40 to $77.90. Seniors who enroll in a Medicare Advantage plan that includes drug coverage are also subject to a surcharge.
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