I see. Do my medicare premiums need to be adjusted?
Yes. The law requires an adjustment to your monthly Medicare Part B medical insurance and Medicare prescription drug coverage premiums. This affects less than five percent of people with Medicare. Most people don t pay higher premiums.
What if I earn a lot less now? I mean, my income has significantly dropped due to the current crisis.
In that case you should contact us to explain that you have new information and may need a new decision about your income-related monthly adjustment amount.