Medicare Premium Increases
The Social Security Administration has sent the 2007 Social Security benefits statements. Taxpayers with 2005 modified AGI over $80,000 (single) and $160,000 (married) will see an increase in their 2007 Medicare premium. These increases can be up to $1,630 per couple, and are scheduled to triple by 2009.
Medicare subscribers have 60 days to appeal the increase and may be eligible for recomputation if:
-The taxpayer experienced a life-changing event that affected their income;
-The SSA used the 2006 year and the taxpayer can provide the 2005 information; or
-The taxpayer filed an amended return, which decreased the income below the thresholds.
Medicare subscribers have 60 days to appeal the increase and may be eligible for recomputation if:
-The taxpayer experienced a life-changing event that affected their income;
-The SSA used the 2006 year and the taxpayer can provide the 2005 information; or
-The taxpayer filed an amended return, which decreased the income below the thresholds.
posted by kernblog @ 20:19
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