Loading ...No, not investments. RETIREMENT! I’m about to go on Medicare. Lost my job in 2015 (after a banner income year) and filed for SS in 2016. So last week I receive a notice from SS that my Medicare Part B premiums to pay will be INCREASED by nearly 50% because, according to my 2015 tax return, I made more money than the ‘threshold’ of what they consider high income. Two year old data!
Now I have 10 days to prove to SS that I no longer have that luxurious income and am living solely on… get this… SOCIAL SECURITY payments. I need to show them my 2016 tax return that is drastically less than they think I am making. Apparently they cannot get the most recent data from IRS… nor from their own records.. that show I retired on near-poverty income.
If this becomes a SNAFU it will affect my premium payments… maybe for life… I dread to think what a struggle it could be to get their bureaucratic hands off that payment stream once they latch on.