If you plan to appeal an Income-Related Monthly Adjustment Amount (IRMAA) determination after receiving a Pre-Determination letter from the IRS, you must have a qualifying Life-Changing Event (LCE). Note: If you wish to appeal the Pre-Determination of IRMAA from the Social Security Administration (SSA), you can complete and submit Form SSA-561 in person at your […]
Medicare’s Life-Changing Events for an IRMAA Appeal Read More »
When it comes to appealing IRMAA you need to have a Qualifying Circumstance and you will also need to fill out an SSA 44 Form which you can download here When filling out the form please fill in the fist page information at the top Name Social Security Number From here please fill in the
The Qualified Medicare Beneficiary (QMB) Program according to the Centers for Medicare Services (CMS) is a “Medicare Savings Program sponsored by Medicaid”. This program helps helps low-income Medicare beneficiaries cover their Medicare costs and the key is that anyone who qualifies for it will also avoid IRMAA automatically. For those qualifying for the QMB coverage
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2025 Medicare Advantage Plans or MA Plans are private health insurance plans that provide Medicare benefits for retirees and directly compete with Original Medicare. Private Health Insures, like Aetna, Cigna, Wellcare and United Healthcare create the these plans but the Centers for Medicare Services (CMS) regulates them. What Medicare Advantage Plans provide: Medicare Advantage Plans
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In terms of the costs for 2025 Medicare Part D Plans the news may not be so good for retirees who happen to actually need drug coverage as costs are rising faster than ever before. Overall, on a national average, the monthly Premiums will increase by 5.25% while the Annual Deductible will also increase by
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Here is a quick overview of the Medicare Part D Low Income Subsidy from ChatGPT. The Medicare Part D Low Income Subsidy (LIS), also known as “Extra Help,” is a federal program designed to assist individuals with limited income and resources in covering the costs associated with Medicare Part D prescription drug coverage. This subsidy
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When it comes to your drug coverage in retirement there is only Medicare and if you choose to stay in Original Medicare things have become even more complex with the 2025 Medicare Part D Plans. According to the Centers for Medicare Services in 2025 there will be only 788 Part D Plans available throughout the
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Come every fall Medicare’s Open Enrollment kicks off for about 51 business days. This is the only time where you, the Medicare beneficiary, can shop for new health coverage and it strongly recommended that you do, especially if you have a stand-alone Part D Plan (drug coverage). Since the inception of Medicare’s Part D which
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The Medicare Board of Trustees Report for 2022 has recently been published and the news for the most part is pretty good, though there is some bad news too. The Good News: Inflation rates, though they are still high, are not projected to be as high as previous years. Premiums going into 2023 should remain
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As you near retirement or are even in retirement when it comes to your health insurance there is only option Medicare. The question that arises more times than not is if you have to enroll into Medicare? The answer in the simplest terms is yes you do have to enroll into Medicare. Believe or not
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