Medicare Analysis

A reader asks: When you are issued an IRMAA, does the IRMAA stay for one year only or does it stay that way for life?

Sophisticated tax planning can be effective at any age. However, with great complexity comes great opportunity.

To avoid getting issued an IRMAA, you can proactively tell the SSA of any changes your income has seen in the past two years using a “Medicare Income-Related Monthly Adjustment Amount – Life-Changing Event” form.

To avoid getting issued an IRMAA, you can proactively tell the SSA of any changes your income has seen in the past two years using a “Medicare Income-Related Monthly Adjustment Amount – Life-Changing Event” form.

If your miss your initial enrollment eligibility window, then your premiums are hit with a late enrollment penalty.

Depending on your particular case and Social Security agent, you may get your surcharge waived, lowered, or upheld.

Depending on your particular case and Social Security agent, you may get your surcharge waived, lowered, or upheld.

These premium surcharges are typically unavoidable except for some planning a Roth Conversion.

Approaching 65? Or perhaps you need to review your current Medicare choice. Consider these three reasons to avoid Medicare Advantage.

Those planning to enroll in Medicare have lots of homework to do. In this article I cover the essential benefits of Medicare Advantage which is the private insurance option for Medicare recipients.

Is Medicare better than your current employer health plan? Signing up for Medicare is the right decision for many who stay on the job. With one exception, everyone who is eligible should sign up for Part A.

As seniors approach age 65, they face a matrix of confusing Medicare options. Planning for health care expenses in retirement is one of the largest hurdles that new retirees face.

Unlike Medicare Part B, a Medicare MSA account caps your liability.

In some cases you will have to pay the $135 deductible plus 20 percent of the remaining costs.

Poor families with children will subsidize millionaire seniors.

Even if you don’t need coverage you can avoid future penalties for as little as $1.87 per month.