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Most people will pay $134/mo for their Part B premiums in 2017, however, people who earned higher incomes in the past could pay an Income Related Monthly Adjustment Amount (IRMAA) up to $428.60/mo and an extra IRMAA for their Part D Prescription Plan also.
If these people have experienced a life changing event (i.e. work stoppage, work reduction, death of spouse, etc. ), there is a way for these people to get their Part B and Part D IRMAA reduced.
It is a matter of completing this form and seeing if Social Security and Medicare will approve your amounts to be reduced.
We have had one of clients have success with this so it may be worth your while to give it a go!
Martin & Associates is one of California's largest and oldest Independent Medicare Brokers. They specialize in Medicare Supplement/Medigap plans, Medicare Advantage and Part D prescription drug plans.
Find Martin & Associates Here:
Martin & Associates Insurance
5020 Campus Drive
Newport Beach, CA 92660