✉news BusinessPersonal Finance first seen 1 d ago, last 1 d ago, peak #17
Spouse's Salary Can Set Your Medicare Premium Until They Retire
Original: If Your Spouse Is Under 65 and Still Working, Your Medicare Premium Is Set by Their Salary. The Form That Fixes It Can't Be Filed Until They Quit
A personal finance explainer notes that Medicare beneficiaries whose spouses are under 65 and still working can have their premiums set by household income, including the working spouse's salary. Higher combined income can trigger income-related premium surcharges. The corrective step is filing a form to have premiums reassessed, but that form can only be submitted after the spouse stops working, leaving some retirees paying elevated premiums in the meantime.
Why now: Retirees navigating Medicare enrollment are alarmed to learn their premiums can be tied to a working spouse's income with limited recourse.
Evidence
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