topic Re: Medicare Part B double payment! in Wellness

Medicare Part B double payment!

Flika13 — Tue, 10 Jul 2018 00:48:22 GMT

I received a letter today from Medicare stating that we will owe double the Medicare payment due to our income! Surprised the heck out of me! Is anyone else paying more ?

Re: Medicare Part B double payment!

debcakes — Tue, 10 Jul 2018 00:53:01 GMT

Yes. They did not make that clear to me, either, at the beginning. That is standard.

Re: Medicare Part B double payment!

KentuckyWoman — Tue, 10 Jul 2018 00:57:20 GMT

Yes, I was told when I retired Medicare Part B premium deduction was based on income.

Re: Medicare Part B double payment!

KailaS — Tue, 10 Jul 2018 01:27:05 GMT

@Flika13

The year I retired ( 2013 in the summer) I also received a bonus. Medicare Part B that year and the next ( when I filed taxes for my retirement year ) was the price I expected. However, in 2015, based on my 2014 tax return for my retirement year, I paid double for both Medicare Part B and my script plan premium. I was happy to have that year end. LOL.

Re: Medicare Part B double payment!

151949 — Tue, 10 Jul 2018 04:42:17 GMT

The medicare payment is income based. If you are paying more it's because your income is more.That is a good thing.

Re: Medicare Part B double payment!

geezerette — Tue, 10 Jul 2018 14:01:00 GMT

Your current Medicare Part B premiums are based on the previous year’s income. If your income goes down in the future, the next year’s premium will adjust downward accordingly. Likewise if it goes up.

Re: Medicare Part B double payment!

Flika13 — Tue, 10 Jul 2018 15:28:08 GMT

Thank you everyone for your comments. My husband is still working so we have insurance through his employer.

I will be 65 in a few months. I guess it’s time to start reading about Medicare.

Re: Medicare Part B double payment!

software — Tue, 10 Jul 2018 21:23:07 GMT

If you have company insurance, you don't need Part B

Re: Medicare Part B double payment!

summerwind — Tue, 10 Jul 2018 21:32:53 GMT

Is there a way to get out of Part B? I recently got notification that they would be taking more than 10% of my monthly payment, that's pretty significant for me. I really don't need Part B. It sounded like there wasn't an option.

Re: Medicare Part B double payment!

gizmogal — Tue, 10 Jul 2018 21:48:24 GMT

@Flika13 wrote:
I received a letter today from Medicare stating that we will owe double the Medicare payment due to our income! Surprised the heck out of me! Is anyone else paying more ?

It’s not a double payment, it’s a higher premium. A double payment would be paying the same amount twice. That’s not what they are billing you. You pay one of several premium levels, depending on income. I pasted in the premium chart for 2018, found on Medicare.gov.