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The original item was published from 4/15/2008 11:10:14 PM to 12/11/2008 11:19:28 AM.

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Posted on: January 3, 2008

[ARCHIVED] Medicare Part B Premium Reimbursement

Effective January 1, 2007 a new federal law changed the amount charged for Medicare Part B coverage for beneficiaries with modified adjusted gross incomes (MAGI) that exceeded $80,000 in 2005. Effective January 1, 2007, such individuals are being charged an income-related monthly adjustment amount (IRMAA) in addition to the standard premium ($93.50 for 2007, $96.40 for 2008). The 2008 IRMAA will apply to beneficiaries with a 2006 MAGI that exceeds $82,000.
Originally the Department of civil service determined that reimbursement would be no greater than the standard premium. That position has been reversed and it has been determined that eligible enrollees will be reimbursed for an amount equal to what they have been charged for their Medicare Part B premium. Enrollees will continue to be reimbursed for the standard amount throughout the year. We will reimburse the IRMAA in excess of the standard premium on an annual basis after the end of the calendar year.

To claim the additional IRMAA reimbursement, enrollees will be required to document the amount paid in excess of the standard premium by providing the Village of Irvington with a copy of the IRMAA notice issued to Medicare enrollees by the Social Security Administration (SSA) and a copy of the 1099 form issued by the SSA at the end of the calendar year as proof of the monthly Medicare Part B premiums actually paid for the year.

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