Medicare Part B premium increase

[insureitnow]

I have a freind that experienced a one time taxable income windfall a few years ago. Her and spouse taxes file jointly. Both of their Medicare part B monthly premiums increasesd significantly and they were told that unless they experience a “life event” like divorce or spousal death, the rate will remain at the higher level. Doesn’t Medicare review annual income and adjust accordingly each year?

 

[Chazm]

Yes. Each year they look 2 years back.

 

[LostDollar]

I have a freind that experienced a one time taxable income windfall a few years ago. Her and spouse taxes file jointly. Both of their Medicare part B monthly premiums increasesd significantly and they were told that unless they experience a “life event” like divorce or spousal death, the rate will remain at the higher level. Doesn’t Medicare review annual income and adjust accordingly each year?

Search and read about IRMAA adjustments to Part B and Part D premiums.