Ask Larry

Was Social Security Correct To Raise The Rate Of My Medicare Premiums?

i was not 66 age of retirement.nor had i apply in social security system.2014 I took a large amount of funds out of retirement I was hit for tax for doing so and file on my 2015 Taxes.
I file for a hardship yes in2014, I had to start paying into Medicare in july monthly payment for 6 month thin after i started drawing social security and payment for medicare was taken out of my social security,But I had to pay for July out of pocket.I got my july check for August.
I was not in Social Security system in 2014 at all when they took $267 for medicare payment from my retirement,in which I fell this is 100% wrong cause i was not in there system are had not apply at the time i made the withdraw. If i had been in there system at the time i with draw those funds I feel I shouldn't of been done like this since i was not in there system are close at the time for retirement I feel I have been target as a veterans,I file for a Hardship in 2014 this is wrong

Hi,

It sound like Social Security based your Medicare premium rates on a tax year when your income was unusually high due to a one-time withdrawal from your retirement fund. If you haven't already done so, you may want to file an appeal with Social Security and ask them to base your premium rates on a more recent tax year in which your income was lower. You normally only have 60 days from the date of your notice in which to file an appeal, so you'll need to act timely (https://www.ssa.gov/OP_Home/handbook/handbook.25/handbook-2508.html). Even if it has been more than 60 days since you received notice of the higher premiums, you can file an appeal if you have good cause for filing late.

Best, Jerry

Category: 
Posted: 
Feb 28 2017 - 7:00am
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