✉news BusinessPersonal Finance first seen 16 h ago, last 1 h ago, peak #17
Laid Off at 64, He Faces a Medicare Premium Trap
Original: At 64, the Bank Will Lay Him Off in November. Medicare Will Price His First Premium on His $140,000 Salary Until He Files One Form
A 64-year-old bank employee is being laid off in November and faces a costly Medicare quirk: his first-year premium will be priced on his final $140,000 salary unless he files a specific form to appeal it. The story highlights how income-based Medicare premium calculations can catch newly unemployed people approaching 65, and the paperwork needed to have the charge recalculated based on their actual, lower income.
Why now: Newly laid-off workers near retirement are discovering how Medicare's income-based premiums can overcharge them unless they file an appeal form.
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- At 64, the Bank Will Lay Him Off in November. Medicare Will Price His First Premium on His $140,000 Salary Until He Files One Form · 24/7 Wall St.
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