Article: Medicare Part B premiums can be cut after retirement

I've been paying extra for Medicare Part B because of my income. But I'm about to retire in August. Can I get my Part B premiums reduced after my income goes down, or do I need to wait until 2009 for the premiums to be readjusted? -- B.B., via e-mail

You can get your Part B premiums reduced after you retire, and you don't need to wait until 2009.

First, some background: In 2007, Medicare started to base Part B premiums on the beneficiary's income for the first time ever -- with higher-income people paying more every month. The premiums and income limits rose moderately in 2008. Now, joint filers who earned $164,000 or less in 2006, and single filers who earned $82,200 or less, pay the base ...

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