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Article: Medicare Part B premiums can be cut after retirement
- Article from:
- Deseret News (Salt Lake City)
- Article date:
- June 8, 2008
- Author:
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Copyright informationCopyright 2008 Deseret News (Salt Lake City). Provided by ProQuest LLC. (Hide copyright information)
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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 ...