When do I get my Part B premium back? I am very low income and on social security. I can use the money.?
http://www.caring.com/questions/can-i-ge... http://www.medicare.gov/your-medicare-co... Only if you qualify based on guidelines in both sites. You must have both part A and B. Question is, do you qualify for a subsidy or not? Contact SSA, 2nd site and ask them.
Medicare Part B and how social security calculates how much is taken out?
It is a flat amount for everyone, deducted from your SS check each month as part of the Medicare premium. THIS year it is $104.90 but we are about due to get a notice from Social Security Administration letting us know how much it will be for next year. Maybe it will be less; maybe it will be more. I suppose the health care act that is supposed to kick in as of January, 2014 might have an effect, but there hasn't been a lot said. Your interest income should be reported on your Form 1040 and maybe the Schedule B each year, of course. But that will have no effect on your SS check Medicare deduction. Just as a BTW, if you have ever been married to someone that might be eligible for a higher benefit payment, you might talk with SSA about the possibility of drawing off his/her account. Have the appropriate information available--length of marriage, full name, ssn, etc. And dates.
Questions with assistance with medicare part B premiums through medicaid?
Ok, so i recently signed up for additional help with my part b premium with medicare and i received a letter in the mail saying that im ELLIGABLE. does this mean that i should be approved based on my income 1,260/mo. also, what do they mean by resources. Thats what the lady told me that she needed to determine if im approved. I am not married. Also, will i recieve back money and be refunded for past medicare premiums that came out of my social security check? Thanks :)
Medicare premiums for non-retirees?
Need more information: 1. Are you 65 yet? That is, whether or not you defer collecting SS at 66 (or whatever your full retirement age is), you have to make some Medicare decisions at 64 years and 9 months. Given your "additional details," I am guessing you want to sign up for both A and B (and most likely a supplement and/or D) to take effect when you turn 65. 2. Did you work enough SS quarters to qualify for "free" Medicare Part A? Presumably yes since you are hung up on the SS COLA? You can probably forget what you have heard about the SS COLA and hold harmless. Presumably you are continuing to work because you make more money than what you could collect. If that is the case, the hold harmless thing is not going to affect you 3. Do you want Medicare to be your primary insurance? The Part B penalty that raises your Part B premium each year if you do not take Part B when first eligible affects people who don't take Part B when they first can and do not have other creditable coverage. Since you want Part B, this would not affect you (and has nothing to do with whether you collect SS or not and nothing directly to do with the SS COLA; the only connection is that SS and Medicare Part B premiums usually go up about the same each year; but that's just because they both are calculated off some similar inflation numbers) 4. Do you get healthcare insurance from the employer you are going to keep working for or from a former employer? 5. If the former, how big is the employer you are going to keep working for 6. How much are you going to make when you keep working. If it is over around $80,000 per year and you file your income taxes individually, you are going to pay a surtax on top of the standard roughly $105 a month for Part B that most of us pay And that's just some of the questions I can think of quickly off the top of my head that you need to answer Good luck