Retirees face Medicare premium errors based on old salaries
Medicare can base retirees' premiums on pay they no longer earn, so overcharges keep piling up monthly. One man who retired in June was billed $5,400 extra for the year until he informed the agency, which then fixed the bill.
By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .
This story is no longer being updated. It reflects reporting up to .
What happened
Medicare premiums for retirees can be calculated from a salary the person no longer earns, and the agency keeps collecting the excess each month. One retiree who left work in June was billed $5,400 extra for the year based on an older tax return, and the bill was corrected after he told Medicare he had retired.
Coverage
- He Retired in June and Medicare Billed Him $5,400 Extra for the Year, Off a Tax Return From When He Still Had a Salary. He Told Them He'd Retired, and the Bill Went Back to the Standard Premium (247wallst.com)
- If You Retired This Year, the Medicare Premium Letter You Get in Late November Will Be Wrong, and Social Security Will Not Fix It Unless You Do (Jake FitzGerald)
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