📋 What if My Medicare Premium is More Than Social Security? (AARP Article)

[Winter2025VA]

FROM THE ARTICLE:

What happens when my Medicare premiums are higher than my Social Security check?

You may find your benefit payments zeroed out — and that you owe money for Part B.

By Linda Dono, AARP. Reviewed by Stephen Richardson. Published April 10, 2025.

More than 100,000 people who have close to the 10-year minimum amount of work necessary to receive Social Security benefits can find themselves with a Medicare Part B premium bigger than their monthly Social Security payment.

The result? They won’t get a check.

USE THE LINK BELOW TO READ THE ARTICLE: https://www.aarp.org/social-security/faq/high-medicare-premiums-smaller-check.html

[Winter2025VA]

Yikes, I didnot know this can happen!!!  😱

Take care,

Nicole  👵

[GailL1]

@Winter2025VA 

It use to happen a lot more with folks for whom the Government Pension Offset (GPO) or the Windfall Elimination Provision reduced their Social Security benefit.

But that is not the case anymore since Congress eliminated both of these with the Social Security Fairness Act at the end of last year.

Now with the added Social Security benefit these folks are now getting, they find themselves on the other end of the equation - depending on their adjusted amount and any back payment,

• They may have to pay a higher Part B premium if the IRMAA begins to affect them and their income.  
• They may also own taxes on their benefits - or much more taxes on their benefits
• then there is the group where they are losing their Medicare Savings Program and are now having to pay the Part B premium for the 1st time.
• And/or they maybe losing their Medicaid that works with their Medicare

Always got to look out for those unintended consequences with one gets a windfall/

[Winter2025VA]

YES @GailL1 , they need to pay taxes on all that money they are now receiving while some of us continue to struggle on a pitiful Retirement Social Security Benefit payment. I have no sympathy at all for them.

Thanks for stopping by.

Nicole  👵

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[*** @GailL1 wrote 4/11/25:

@Winter2025VA 

It use to happen a lot more with folks for whom the Government Pension Offset (GPO) or the Windfall Elimination Provision reduced their Social Security benefit.

But that is not the case anymore since Congress eliminated both of these with the Social Security Fairness Act at the end of last year.

Now with the added Social Security benefit these folks are now getting, they find themselves on the other end of the equation - depending on their adjusted amount and any back payment,

• They may have to pay a higher Part B premium if the IRMAA begins to affect them and their income.  
• They may also own taxes on their benefits - or much more taxes on their benefits
• then there is the group where they are losing their Medicare Savings Program and are now having to pay the Part B premium for the 1st time.
• And/or they maybe losing their Medicaid that works with their Medicare

Always got to look out for those unintended consequences with one gets a windfall/ ***]

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