Here are the seven transformative incidents that may allow you to bypass additional fees:
– Passing away of your partner, which drastically reduced your financial resources.
The SSA requires evidence of the passing and a projection of your revised finances.
– Union in matrimony.
The SSA requires documentation of your nuptials and a projection of your collective earnings.
– Dissolution of marriage or its invalidation.
The SSA requires evidence of your altered marital status and a projection of your diminished earnings.
– Diminution in employment.
Some instances include transitioning to semi-retirement or modifying from a full-time role to part-time work.
– Cessation of employment.
Examples include retirement, involuntary termination, or the sale of your enterprise or company.
– Diminishment of property-derived earnings for reasons outside your control.
Events like a catastrophic event, intentional burning, or thievery. Property generating income could encompass real estate (like rental properties or agricultural land), crops, livestock, and business-use vehicles.
– Decrease or forfeiture of pension earnings of certain types.
The pension must be a bona fide determined benefit pension or a Cash Balance arrangement.
To initiate a reconsideration for your premium adjustment, you must submit a Medicare IRMAA Life-Changing Event form (Form SSA-44).
Explore Seven transformative incidents that may waive additional Medicare fees at AARP.org
