What Financial Advisors Should Know About Medicare Surcharge Premiums
What You'll Learn
More and more clients are enrolling in Medicare—and more and more are being blindsided by significantly higher Medicare premiums. In reality, the culprit is often IRMAA (Income-Related Monthly Adjustment Amount)—a little-understood Medicare surcharge that can dramatically increase Part B and…
Tom Dickson
Financial Experts Network
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More and more clients are enrolling in Medicare—and more and more are being blindsided by significantly higher Medicare premiums. In reality, the culprit is often IRMAA (Income-Related Monthly Adjustment Amount)—a little-understood Medicare surcharge that can dramatically increase Part B and Part D premiums for higher-income retirees.
Join nationally recognized CPA and tax expert Larry Pon as he helps financial planners understand one of the most overlooked retirement planning challenges. Larry will explain how IRMAA is calculated, the income events that can trigger premium increases, and the planning opportunities advisors can use to help clients avoid costly surprises.
You’ll also learn when an IRMAA determination can be challenged, how to properly complete Form SSA-44, and which life-changing events may qualify clients for a reduction in their Medicare premiums.
During this webinar, you’ll learn:
- What IRMAA is and how Medicare premium surcharges are calculated
- Which income sources and planning decisions can unexpectedly trigger IRMAA
- How Roth conversions, capital gains, retirement account distributions, business sales, and other transactions affect Medicare premiums
- How Medicare uses a two-year lookback period and why clients are often surprised by premium increases
- When and how to use Form SSA-44 to appeal an IRMAA determination
- Which life-changing events may qualify for an IRMAA adjustment
- Strategies to help clients manage IRMAA exposure and minimize future premium shocks
*CE/CPE Eligible:1.0 CE credit(s) is(are) available to FEN Members with these designations: CFP, IAR, CLU, ChFC and RICP. CPA and EA members will earn 1.0 CPE credit(s).
Field of Study: Specialized Knowledge
Prerequisites: There are no prerequisites for this session.
Advanced Preparation: None
Program Level: Basic
Delivery Method: Group Internet Based
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Financial Experts Network (Sponsor Id#: 145173) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.