I sold a property in 2022 and increased my income for 2022 but did not know it would affect my Medicare. I waited until I was at full retirement age to claim my Social Security so I would not be penalized for income but did not know it would affect my Medicare. You had a small section where you said to plan ahead but to someone not planning on retirement this would be unexpected. Now I got a huge increase in my Medicare payment. I could not understand what IRMMA was, so I googled it and found your channel. It helped to understand what is happening.
Yes true. Now I told my wife she will need to wait until she is 65 in 2025 before she retires now that I know this penalty. But I wouldn’t mind the higher premiums if I could make 2022 income every year 😊 Thanks for making the video and explaining. It was a helpful video!
This is THE BEST channel. I will recommend to my friends. I have a question >>> If a Medicare recipient is already on $170 per month, but sells her house and made some capital gains, what happens?
I think that young adults in high school should learn about medicare and social security. when they start working it would be more beneficial for them for their future. as I was starting out in the work field back then, it was not clear about all these information. great video. I will start medicare late 2023.
I was caught completely by surprise when I received the IRMA letter from Social Security a few weeks ago. I had never heard of IRMA until now. After much researching I believe I have positioned myself for a reduction in Medicare Premiums for 2025. I'll just have to suck up the loss of income because of IRMA for the next twelve months. Nothing I can do about it at this point. An appeal would be frivolous. Thanks for your video, wish I had seen it way before now.
I feel the same way. I’m wondering if I should take out all the money that I need this year 2024. There will be capital gains . I turned 65 in November 2026 but now I’m thinking I really might not be able to retire until 2027 so I can start lowering my income. Does that make sense?
You are a wonderful resource for Medicare information. As a volunteer tax preparer for AARP I often recommend your website to clients mystified by the choices in Medicare coverage. Having viewed many of your videos I am extremely impressed by the knowledge you quietly and thoughtfully present. Great Job!
Thank you for your videos. I've just passed my AHIP certification and this is my first year doing Medicare. Your videos helped me get through training. Thank you
Thanks so much for producing all of your videos. They are a fantastic resource. There is one unusual error in this one. Untaxed Social Security is NOT included in the IRMAA MAGI calculations. Please keep up the great work!
No, not at all. Medicare Part B cost the US taxpayer / Medicare about $675 / month for every person on it. That means that even the highest income indiviudal is subsidized by the government and still does not pay all their Part B premium.
Great video! As a single high income earner who just retired this month and will be going on Medicare in 2025 and not taking SSA until 2027 I know I will definitely have to appeal IRMAA as my income going to be dramatically less going forward.
That was a question I had. When one retires and lives on, say, less than $80k vs a high working income, do you have to pay IRMAA at all after you retire? Given the two year look back.
I plan to go to SS and plead insanity. I was not aware of IRMAA in 2021 and I rolled over a lump sum retirement payout from a Traditional to a Roth IRA. All years before and after 2021, we are and will continue to be well below the bottom IRMAA tier. Had I known, I could have done the Roth conversion in 2020, so that only I would be paying IRMAA on part B/D. But now, I get the privilege of paying IRMAA on both our part B/D premiums in 2023 because my wife starts her Medicare. We'll see what happens.
2023 was rough year. Lot of expenses but so I sold a piece of farm equipment for 25,000 which put me at $108,125. Net was $88 667.00. I am 86 years old and going into SS office is a hardship. I don't think I have any way to appeal. I don't know until taxes are done if my income is over IRMMA. I had to pay 85% of SS income, too. I paid taxes my retirement plan. Now I pay IRS taxes on it, too. I am in state of shock. Thank God you explain this so I can explain it to my daughter. Now if I sell another asset then I will pay it again but inflation is more than 2.5%.
@@singatune you don’t need to go into the Social Security office to appeal. Also 2023 does not impact your.IRMMA until 2025. Two things will happen by then, the first is that the table will change. $108,000 may not qualify for IRMAA. Next is that it is not your gross earnings that count it is your modified adjusted gross earnings. That is your gross earnings, adding back in any tax exempt income. You can appeal and should appeal using the form I mentioned in the video. This link has the 2025 table on the last page. medigapseminars.org/wp-content/uploads/2024/11/2025-Medigap-Benefits-table-1.pdf. My bed is your modified adjusted gross income does not meet that standard.
IRA rollovers may help your future IRMAA. If you think that your future RMD may take you over the IRMAA threshold, you can start rolling some money now, keeping it below the threshold, to lower the future RMD.
Love your videos Matthew as my knowledge of Medicare is very limited so trying to understand and plan ahead. I must say I’m shocked at the cost for a high income person who’s income will drastically decrease at retirement and have a dependent younger wife and two children…..
Anyone, does IRMMA affect military retires who have medicare and tricare for life??? My wife is currently moving her TSP to a Roth account and I never knew this existed.
Yes, I got caught in the IRMAA trap. Retired from a well paying job in July 2020 and got charged regular rate for Medicare for the remainder of the year. Then in January '21 they they charged me double for the months in 2020 and for January of 2021 (based on my 2019 income). Eventually I called and was told where to find form 44 and to fill it out as a "work stoppage" (there is no "I'm retired" box on the form). I called the local SS office and they said I had to FAX it, no email allowed. Eventually it got corrected, adjustments/credits made for the overcharges for 2021 and all was OK until I got a letter saying they were charging me TRIPLE for 2022 due to my 2020 income (which included severance, unused vacation, etc, so it was higher than the previous year, even having only worked 7 months). So I called SS again, and was told to submit the form 44 AGAIN. The local SS office is very nice and helpful and approved it right away and again made adjustments/credits. Hopefully this is the end of this.
You mentioned that one way of potentially reducing the Medicare Surcharge (IRMAA) is by making charitable contributions. It was my understanding that a limitation here is that the charitable contribution can offset aa Required Minimum Distribution (RMD) coming from tax-deferred funds in an *IRA* and not from a 401Ik)/403(b)/457(b) account, You cannot reduce the Medicare Surcharge by contributing to charity directly from a 401(k)/403(b)/457(b).sccount because you cannot make a QCD from those accounts. Is my understanding incorrect?
Thanks for this video. I’m trying to understand when I should appeal this and what proof I need. I’m on the other side of the “cliff”… I retired in January of 23, some stock options vested with that event, and we sold a home with cap gains. But this year (24) I have none of those events, and my MAGI will be significantly lower. I don’t know how to prove all of that without waiting till I file taxes next year (how do you prove a negative?). Meanwhile, in 24 I’m paying high IRMAA (almost the max) but much lower income. Doesn’t seem right but I’m not sure what to do to make the case with SocSec. Am I just stuck paying the high rates until a year or even two down the road? I can’t be the only one dealing with this… I think a lot of people are shocked to learn about this… my financial planner never mentioned.
Good clear info, love your delivery style; easy to listen to and stay engaged. One claification, how does an annuity lower your MAGI, isn't the payout still consider income by the IRS?
I have seen that they use a two year look back at multiply sites and believe that to be the case. I do have a question about the chart shown at 6:30, it indicates that if a single person made 95,000 in year 2020 he would be subject to the IRMAA increase up to $234.10 in year 2021 that is a ONE year look back. Is that a mistake on the chart or am I missing something? Also you tell us the chart is used to determine the amount due in 2022. I do appreciate your speed of delivery of clear information, very easy for a older man like myself to understand.
Hi - the last page of this flyer shows the 2024 IRMAA table. The look back for income is currenly to 2022. medigapseminars.org/wp-content/uploads/2024/05/2024-Medigap-Benefits-table.pdf
Does the amount taken from retirement accounts add to the MAGI, or just the interest earned from it?...ex. $50,000 taken from an account, is the $50,000 added to the MAGI or just the interest earned?...Thank you and thank you for the video..Thomas Danes
Very helpful just discovered your website. I really do not want to pay a premium, but I’m very close to the limit. I think it might be best for me to take out large sums of money for all these projects that I want to get finished at least two years before I retire so the government doesn’t see all this capital gains. Is this basically what I need to be doing, I’m going to plan on retiring and 2026 in November, so what is the Irma’s for2026
You mentioned ROTH conversions. One point that makes it worth converting $ from the traditional IRA to the ROTH is that income from the ROTH is NOT part of IRMAA calculations (correct me if I am wrong please). So, if you have been moving money over and are able to create an income stream of let's say, $3-5K a month through your ROTH, that money is not part of IRMAA calculations. With the Trump tax cuts on pace to go bye-bye at end of 25', now is the time to convert. I'll be 61 soon and plan to retire in Dec 25'. Maxing out my present tax bracket (24%) this year and next with ROTH conversions and then moving less over once the 2 year look back goes into effect. Goal is to be in the first bracket of
@@MedigapSeminars the conversion, yes. But once in a Roth, what I’ve read is that any income generated isn’t. I may have misunderstood. Any CFP”s or tax attorneys out there want to provide some clarity?
The 2022 income cap for an individual return is $91,000 MAGI, The amount, however, is linked to the CPI. If the CPI shows 9% inflation for 2022, then the IRMAA threshold increases by 9%. medigapseminars.org/wp-content/uploads/2022/02/2022-Part-APart-B-IRMAA.pdf (see page 3)
Very informative and clear video. I received a lump sum payment in 2020 that put me “over the limit” for 2022. So now, I’m going to have to pay more for Medicare and part D even though I have Medicare Advantage with prescription drug coverage…which I’m also paying for. My question(s) is, in the years before this lump sum payment, and in the years after this lump sum payment, I am nowhere near the income limit for increases to my Medicare (IRMA). This lump sum payment was not from an employer, so I’m not sure if it’s a “qualifying event” that would allow me to appeal. It was a lump sum back payment that I received after being approved for SSDI and represented several years of back payments. Also, since I did not have taxable income anywhere near the threshold for IRMA in subsequent years (2021 and 2022), do I have to continue paying this increase to my Medicare payments for the rest of my life?
Great video. When does IRMMA reset? Is it calendar year or is it run a year from when you start medicare? Can you enroll at the end of your initial enrollment window in order to not have the 2 year look back work against you?
I turn 65 in February. My wife and I file joint tax return . Am I correct in assuming they only look at my income? We receive Mineral royalties “sometimes” and 2022 was one of those years. Will all of that be counted or just half?
Does SSA ever make a flat out math error in calculating IRMAA? I’m newly retired federal employee and on my second bill from CMSS, my IRMAA is 100% of Part B. I was not an executive, but I get it that I fall into IRMAA territory.
on the last page of this pdf are the IRMAA rates for 2023. The table categories increase with inflation. medigapseminars.org/wp-content/uploads/2022/10/2023-Part-APart-B-IRMAA-3.pdf It doesn't take much to double Part D. Kee in mind, your Part B cost the government about $650 / month. So at double the standard rate, you are still being subsidized. :-)
This was really helpful!!! You seem to be the only one addressing this. I have a question - - - I recharacterized part of an IRA as a ROTH in 2021. Mistake - I had a MAGI of $91,600. This is $600 over the amount where an IRMAA is assessed on me as a single filer. ***But this is also $20,000 over my normal income. *** Essentially, it is the same as a windfall and I will not again have an income of that level. In 2023 I will not make nearly $91,000 nor have I in any other year. It is not fair. But I don't have a "life changing event", which seems to be the only basis of appeal? (I am unsure of this.). Can I avoid the IRMAA for 2023? What can I do? I am nowhere near having enough deductions to itemize, i.e., find items in order to re-file 2021 taxes with a slightly lower MAGI. You asked if I was surprised about Part B cost. I was surprised it was so low. Obamacare cost me much more before I was Medicare eligible. I understand the "tax burden" is shared by all, just as I shared it all my life, and that is why we pay only a percent of the cost.
Hi Linda - this is a great example. I give presentations to Financial Planners to help them understand the impact of Roth Conversion on Medicare, among other issue. Here is the good news, the IRMAA table is linked to the CPI. For 2023 I expect the IRMAA minimum level to be closer to $100,000 because the CPI is expected to be around 9%.
Hi Linda, what a bad situation you're in. It reminded me of a few years ago when we put too much into an IRA for the year, and had to back out some of the money to get down to the limit. I'm sorry that I don't have access right now to the tax binder which had the form that was used. Did you contact a CPA for advice on this? It would seem that if you took money from an one IRA and put it into a Roth IRA, you should be able to reverse some of that money that you took out. It's just a bookkeeping thing you did, and hopefully there's a way to reverse it. We just moved but if I can get my hands on the tax binder, I will search for whatever form we used in our situation. Good luck on this!
@@gailsutton9901 Thanks - It is not reversible but it will be OK. $91,000 turned out to be the limit for 2020 taxes., My 2021 taxes should see the limit raised. I did contact the CPA who did my forms. She said nothing could reduce my AGI for the year. But it will be OK.
If one's income in the last year of employment exceeds the income limit such that an IIRMA increase is imposed two years into retirement, will that IIRMA increase be automatically reduced the FOLLOWING (third) year of retirement if, one's retirement income (via SS and/or pension funds) falls back below the triggering income threshold? Or will it only be reduced in subsequent years if the taxpayer submits the SSA-44 form requesting a reconsideration?
IRMAA resets every year. But your situation sounds to me like one of the eight exceptions that can be successfully appealed. See www.ssa.gov/forms/ssa-44.pdf
If you sell your primary residence how long do you have to purchase another before it’s a taxable event? How can one avoid taxes on the sale of a primary residence? Thank you
@@MedigapSeminars Ido understand, the reason I asked was for general knowledge as I thought one had 2 years to use the proceeds from the sale of a primary residence to purchase another primary residence to offset the capital gains.
Thank you the information. One question: I am recently retired (9/31/23), age 64 turning 65 this coming Dec. I plan to sign up for Medicare starting at the beginning of 2024. I was thinking about making a substantial withdrawal from a Roth account in 2023. Would this affect my Medicare costs in any way?
Hello I am appealing IRMAA Part B because they calculated my 2021 Income rather than 2022, for the 2-year look back period.The reason for that was 2022 was filed late. That being said; I would like to know if the IRMAA, Part B automatically drops off if the income drops below the IRMAA threshold during the "rolling" 2 year look back period. I hope my question is clear. Thanks in advance for your response!
Matthew - my income fluctuates yearly, will Medicare IRMMA surcharges for me automatically go up or down as my income changes. For example, my MGA was much lower in 2021 than 2020 so since I will move to a lower IRMMA bracket & a lower IRMMA surcharge, in 2023 will the government automatically reduce my IRMMA in 2023 or do I need to contact them ? If the government will automatically reduce my IRMMA surcharge in about what month in 2023 will I see this reduction ? Thank you (My wife Donna and me are happy clients of your firm )
Medicare / Social Security looks at your taxes as of two-years ago on a rolling tax-year basis. IRMAA price tables also adjust each year for inflation. Compare 2022 and 2023 here: medigapseminars.org/resources/ All of that is automatic. You do not need to do anything unless you want to appeal a decision. Changes in IRMAA charges should come about in January.
MATTHEW, does Irma include a joint tax return with a spouse? If one spouse is applying for a return to Original Med with less income does the joint tax return apply?
It's all about how you file your taxes, joint or individual. If you file a joint return, then your IRMAA will require a household income of twice the individual income. See page 3 of this: medigapseminars.org/wp-content/uploads/2022/02/2022-Part-APart-B-IRMAA.pdf
Thanks for this and other videos. Very helpful. Is the IRMAA surcharge automatically going to decrease as income gets lower into retirement? Is it assessed every year? Or do we have to appeal when income gets lower?
Thx Matthew. I still have an unanswered conundrum. The issue with planning ahead...we don't know the income cap 2 years hence. My 2025 premium is based on 2023 income but i wont know the income cap until 2025. How can I plan my 2023 income??
It's kind of like planning for short term investment gains, it is an educated guess. The IRMAA table will increase with the CPI. You can expect an 8.5% to 9% increase in the table levels for 2023. I would figure an average of 5% to 7% for the next 5 years. It takes time to work the excess cash out of the system. Historically, money printing leads inflation by two to four years. We have a ways to go.
I thought that Social Security payments will go up if we continue to make a lot of money after full retirement age. I am working in homecare for someone who can not find anyone to replace me if I retire. With my income and social security payments I will make about $91,100 this year.
If I did a roth conversion of 30K that pushed me into a higher medicare bracket in the year 2 years prior, but my income in the year before and after that was lower, can an appeal be made that it was an anomaly?
@@MedigapSeminars , thank you! I was just reading that. I guess I will just continue doing small ROTH conversions each year, since the benefit seems to outweigh the bump in insurance premium.
What is define as a higher then average income? I am 64, took SS at 62. will be on Medicare May of 2025. Is this consider IRMAA? looks like to me if my income is only my SS which is about 23K a year then there will be no IRMAA?
Hello, I am a widow , since 2006, still working and my income doesn’t reach the 103,000 but just started in middle of 2023 getting my deceased husbands social security, now if you combine the two it will be at 103,000, so will I now have to pay Irma
The table can change every year with inflation. So maybe next year/ Remember, this is a modified AGI not simply gross income. On the other hand, we speak with many people every day who retire on less than $30,000 a year. You are fortunate.
I have in state of shock. I just received IRMMA that I knew zilch about. For 2024 the rate of MAGI for si 14:03 single surviving spouse is 106,000.01. Part B 74.00 part D 13.70.
Was approved SS44- in 2023 as I stopped working due to Kidney disease- ESRD… Removed IRMAA since Jan 2024 I’ve been on Disability since July 2023. Do I have to reapply w SS44so IRMAA continues to stop? OR Will SSA have my status on file and not look back 2yrs to my 2023 earning when it was just as high as my 2022 earnings? Keeping in mind my income took a dive mid-2023 Hope I did not confuse too much Just want to know net- will I be playing this game where SSA will add IRMAA again OR if they will understand that I’m on disability only since 2023? Thank you!!!
With IRMAA, every year it is like starting over again. If your income is still high and they charge an IRMAA, you will need to send a new appeal. You should be succesful considering your life changing event.
How long does a Medicare beneficiary have to pay IRMAA charges as a result of a one-time spike in income ? Why is the existence of IRMAA not publicized ? What is the probability of a successful appeal ?Many beneficiaries don't know about it till 2 years or more after they get a capital gain from the sale of a house. Full disclosure please ! Medicare is extremely helpful to many beneficiaries, but it should be more open about the impact on premiums from one-time financial events that spike income. Also, it's a rare video that tells me more than I can readily read almost anywhere. Insightful content is what we need, not basic stuff about the topic that's easily found in print. This applies to the great majority of related videos. Give us inside info, not the common knowledge.
You don't have to watch these videos. No one is forcing you. and you are welcome for the free information that took me a week to write, film and edit. If you want more information, call a professional. Someone other than us please. By the way, the answers to most of your questions are in the video.
Beware, things aren't always the way they appear! Notice how the gentleman is very nice and says he just wants to help. He says just call if you have any questions. I called their number and said that I was interested in part D, immediately, the agent Beth became very rude. I don't think I have ever spoken to that level of a b-t-h in my life and I'm no spring chicken. She said we don't answer questions from non customers. I said the reason I am calling is to potentially be a customer. She then rudely said this conversation is over and before she hung up I said "so you don't sell Part D", she said I could self enroll but they only sell the more expensive suppliment and that she didn't make money talking to me so the conversation is over. I said "I'm going to tell people on Social media how rude you people are". She laughed and said "I don't care, go ahead" and hung up the phone on me. First of all, I didn't care if she answered my questions or not. I was trying to figure out what business they are in, in other words what they sold? Did you notice how in the videos, the gentleman constantly tries to sell you on the advantage of suppliment insurance and criticizes all other forms of insurance? That is what they sell, only suppliment insurance. As she said, if she isn't selling that, she isn't making money and if she isn't making money from you, you are as worthless to them as used toilet paper. So what does this mean to you? First of all, I wouldn't suggest trusting the bias opinions in these videos of suppliment insurance. Secondly, if only money is motivating these sales people and not even basic humanity or kindness, do you really think they are going to not put their profit over what is in your best interest? This gentleman mentions that you are not charged for their service, that the companies pay them. I use to be in a similar agency business and what he said is not exactly true. It's true that you don't have to pay his agency but the companies that use agencies have to pay these agencies tons of money and that money doesn't grow on trees. They obtain this money by charging their customers higher fees, and are usually or always going to charge you higher fees than companies that don't have this overhead. He claims he only specifically selects companies that are in your best interest because he is such a caring person. The truth is that he only uses companies that are willing to hire his agency. If you use his agency, not only are you likely getting the most expensive plans, but you are getting a small sample of the options available to you because not all companies use expensive agencies to sell their product and not all companies that do, use this particular agency. Unless you want to make what will likely be a very expensive mistake, I would suggest going to the government website and seeing ALL the availability plans and speak to the government representatives for questions instead of through an agency that wants to direct you in the path that makes them the most profit instead of what is in your best interest. She didn't have to be so very rude. This just shows the type of people you are dealing with. Her attitude opened my eyes and saved me from making a costly mistake. After I had time to think about the attitude of this person, it got me thinking about the big picture. The most predatory sales people make their money on senior citizens. Could that be the reason for her attitude? It wasn't just her rudeness, but her arrogance. I'm obviously a senior citizen like most of you that have watched these videos. We senior citizens are suckers for our impressions to the point where we emotional tend to place more focus on how we judge the messenger than the specifics and complexities of the message. I remember when my mother had just retired in her 60s and I was in my 30s. I recommended a stock broker to her. After I introduced him, he started pushing her toward risky investments that were dangerous to her but made him a lot of commission, products he knew I would never purchase. I was shocked and had multiple conversations with her about why she needed to stop dealing with him. All she said was how nice he was and kept losing her savings. Everyday he kept trying to sell her more junk and finally I had to take matters in my own hands and protect her. I called him up and said that if he contacted my mother again, I was going to file a complaint with the SCC (selling risky investments to the inexperienced), so he stopped. I then compensated her for her losses since I recommended him. I'm now a little like her like most are when they get older. These people know what works with us old folks. They have a personality on these videos that is so nice and warm natured. He seems like a saint the way he talks as such a caring soul, often commenting that he is there to inform, to help, and not make money from us. He speaks about how he does not monetize his videos and just wants to send us in the right direction and in one video he just about went into academy award winning tears about how he saved a man so much money that he can now afford to see his grand kids. This sort of tactic of "saint salesman" from heaven would make a wise younger person even more suspicious, even angry, but us senior citizens are suckers for this. This guy has sold most of us up front, that's the objective, blinding us to the vultures that are laying in wait. Just deal with neutral parties, stay away from salesmen. You can call the government representatives a thousand times and ask questions if you like, you don't need these people. There are plenty of suckers they can make money from, try not to let it be you.
Thanks for recounting here your experience trying to figure out how much coverage is provided and at what cost. This system of medicare supplements is typical of our government outsourcing creating endless opportunities for private players to skim profits. Who do we trust when so many are in this business only for easy money?
The Holy Bible states to NOT put your trust in "man" nor "Princes". It does state to "be wise as serpents but gentle as doves ". Seek wisdom, guidance, and knowledge but MOST IMPORTANTLY PRAY ABOUT EVERY THING!. The Holy Spirit WILL guide you into ALL Truth; HE is the 3rd part of The Godhead and IS NO LIAR. Make sure of your salvation and relationship with Yeshua HaMashiac (Jesus Christ, in English). Our enemy, Satan, comes ONLY "to kill, steal, and destroy" AND "IS the father of lies". " Commit your ways unto The LORD and HE WILL make your paths straight." ALL quoted statements in this post are from The Holy Bible.
I sold a property in 2022 and increased my income for 2022 but did not know it would affect my Medicare. I waited until I was at full retirement age to claim my Social Security so I would not be penalized for income but did not know it would affect my Medicare. You had a small section where you said to plan ahead but to someone not planning on retirement this would be unexpected. Now I got a huge increase in my Medicare payment. I could not understand what IRMMA was, so I googled it and found your channel. It helped to understand what is happening.
Thankfully, any penalty would only be for one year.
Yes true. Now I told my wife she will need to wait until she is 65 in 2025 before she retires now that I know this penalty. But I wouldn’t mind the higher premiums if I could make 2022 income every year 😊 Thanks for making the video and explaining. It was a helpful video!
Started my deep dive - turning 65 in one year. These are some of the clearest videos on Medicare I have come across so far. Very useful. Thanks.
you are welcome
This is THE BEST channel. I will recommend to my friends. I have a question >>> If a Medicare recipient is already on $170 per month, but sells her house and made some capital gains, what happens?
I think that young adults in high school should learn about medicare and social security. when they start working it would be more beneficial for them for their future. as I was starting out in the work field back then, it was not clear about all these information. great video. I will start medicare late 2023.
I agree. Real world life management is missing in school.
I was caught completely by surprise when I received the IRMA letter from Social Security a few weeks ago. I had never heard of IRMA until now. After much researching I believe I have positioned myself for a reduction in Medicare Premiums for 2025. I'll just have to suck up the loss of income because of IRMA for the next twelve months. Nothing I can do about it at this point. An appeal would be frivolous. Thanks for your video, wish I had seen it way before now.
I feel the same way. I’m wondering if I should take out all the money that I need this year 2024. There will be capital gains . I turned 65 in November 2026 but now I’m thinking I really might not be able to retire until 2027 so I can start lowering my income. Does that make sense?
You are a wonderful resource for Medicare information. As a volunteer tax preparer for AARP I often recommend your website to clients mystified by the choices in Medicare coverage. Having viewed many of your videos I am extremely impressed by the knowledge you quietly and thoughtfully present. Great Job!
I am turning 65 in few more months....you gave excellent information....thank you
I’m an independent agent and I thank you for your UA-cam channel. You are an excellent resource and teacher.
Thank you for your videos. I've just passed my AHIP certification and this is my first year doing Medicare. Your videos helped me get through training. Thank you
Thanks so much for producing all of your videos. They are a fantastic resource. There is one unusual error in this one. Untaxed Social Security is NOT included in the IRMAA MAGI calculations. Please keep up the great work!
Thank you for the insight. Very troubling information about Fed decision making and the people they are to serve
Great education
Thank you
Thanks for this. Was very helpful. So IRMAA is whats keeping Medicare afloat.
No, not at all. Medicare Part B cost the US taxpayer / Medicare about $675 / month for every person on it. That means that even the highest income indiviudal is subsidized by the government and still does not pay all their Part B premium.
Great video Matthew!
Once again, Thank You Matthew. Hope to see from you the other changes for 2023,,👍👍
Great video! As a single high income earner who just retired this month and will be going on Medicare in 2025 and not taking SSA until 2027 I know I will definitely have to appeal IRMAA as my income going to be dramatically less going forward.
That was a question I had. When one retires and lives on, say, less than $80k vs a high working income, do you have to pay IRMAA at all after you retire? Given the two year look back.
Excellent review and great advice! Thank you!
Glad it was helpful!
I plan to go to SS and plead insanity. I was not aware of IRMAA in 2021 and I rolled over a lump sum retirement payout from a Traditional to a Roth IRA. All years before and after 2021, we are and will continue to be well below the bottom IRMAA tier. Had I known, I could have done the Roth conversion in 2020, so that only I would be paying IRMAA on part B/D. But now, I get the privilege of paying IRMAA on both our part B/D premiums in 2023 because my wife starts her Medicare. We'll see what happens.
Very helpful, and a thoughtful presentation. thank you!
2023 was rough year. Lot of expenses but so I sold a piece of farm equipment for 25,000 which put me at $108,125. Net was $88 667.00.
I am 86 years old and going into SS office is a hardship. I don't think I have any way to appeal. I don't know until taxes are done if my income is over IRMMA. I had to pay 85% of SS income, too. I paid taxes my retirement plan. Now I pay IRS taxes on it, too.
I am in state of shock. Thank God you explain this so I can explain it to my daughter. Now if I sell another asset then I will pay it again but inflation is more than 2.5%.
@@singatune you don’t need to go into the Social Security office to appeal. Also 2023 does not impact your.IRMMA until 2025. Two things will happen by then, the first is that the table will change. $108,000 may not qualify for IRMAA. Next is that it is not your gross earnings that count it is your modified adjusted gross earnings. That is your gross earnings, adding back in any tax exempt income. You can appeal and should appeal using the form I mentioned in the video. This link has the 2025 table on the last page. medigapseminars.org/wp-content/uploads/2024/11/2025-Medigap-Benefits-table-1.pdf. My bed is your modified adjusted gross income does not meet that standard.
IRA rollovers may help your future IRMAA. If you think that your future RMD may take you over the IRMAA threshold, you can start rolling some money now, keeping it below the threshold, to lower the future RMD.
Love your videos Matthew as my knowledge of Medicare is very limited so trying to understand and plan ahead. I must say I’m shocked at the cost for a high income person who’s income will drastically decrease at retirement and have a dependent younger wife and two children…..
You can appeal the IRMAA if your income drops at retirement. see page 8 : www.ssa.gov/forms/ssa-44.pdf
You can appeal the IRMAA if your income drops at retirement. see page 8 : www.ssa.gov/forms/ssa-44.pdf
Thanks Matthew!
Anyone, does IRMMA affect military retires who have medicare and tricare for life??? My wife is currently moving her TSP to a Roth account and I never knew this existed.
This is great information
Thank you for posting this helpful video!
As always, great information.
Yes, I got caught in the IRMAA trap. Retired from a well paying job in July 2020 and got charged regular rate for Medicare for the remainder of the year. Then in January '21 they they charged me double for the months in 2020 and for January of 2021 (based on my 2019 income). Eventually I called and was told where to find form 44 and to fill it out as a "work stoppage" (there is no "I'm retired" box on the form). I called the local SS office and they said I had to FAX it, no email allowed. Eventually it got corrected, adjustments/credits made for the overcharges for 2021 and all was OK until I got a letter saying they were charging me TRIPLE for 2022 due to my 2020 income (which included severance, unused vacation, etc, so it was higher than the previous year, even having only worked 7 months). So I called SS again, and was told to submit the form 44 AGAIN. The local SS office is very nice and helpful and approved it right away and again made adjustments/credits. Hopefully this is the end of this.
I hope it's resolved.
Good video!
Thank you. it has been very informative.
You mentioned that one way of potentially reducing the Medicare Surcharge (IRMAA) is by making charitable contributions. It was my understanding that a limitation here is that the charitable contribution can offset aa Required Minimum Distribution (RMD) coming from tax-deferred funds in an *IRA* and not from a 401Ik)/403(b)/457(b) account, You cannot reduce the Medicare Surcharge by contributing to charity directly from a 401(k)/403(b)/457(b).sccount because you cannot make a QCD from those accounts. Is my understanding incorrect?
Always helpful. Thanks.
Thank you, very helpful.
The videos are extremely helpful and informative. I like the way they are presented. Thank you !
Thanks for this video. I’m trying to understand when I should appeal this and what proof I need. I’m on the other side of the “cliff”… I retired in January of 23, some stock options vested with that event, and we sold a home with cap gains. But this year (24) I have none of those events, and my MAGI will be significantly lower. I don’t know how to prove all of that without waiting till I file taxes next year (how do you prove a negative?). Meanwhile, in 24 I’m paying high IRMAA (almost the max) but much lower income. Doesn’t seem right but I’m not sure what to do to make the case with SocSec. Am I just stuck paying the high rates until a year or even two down the road? I can’t be the only one dealing with this… I think a lot of people are shocked to learn about this… my financial planner never mentioned.
Good clear info, love your delivery style; easy to listen to and stay engaged. One claification, how does an annuity lower your MAGI, isn't the payout still consider income by the IRS?
I have seen that they use a two year look back at multiply sites and believe that to be the case. I do have a question about the chart shown at 6:30, it indicates that if a single person made 95,000 in year 2020 he would be subject to the IRMAA increase up to $234.10 in year 2021 that is a ONE year look back. Is that a mistake on the chart or am I missing something?
Also you tell us the chart is used to determine the amount due in 2022.
I do appreciate your speed of delivery of clear information, very easy for a older man like myself to understand.
Hi - the last page of this flyer shows the 2024 IRMAA table. The look back for income is currenly to 2022. medigapseminars.org/wp-content/uploads/2024/05/2024-Medigap-Benefits-table.pdf
Does the amount taken from retirement accounts add to the MAGI, or just the interest earned from it?...ex. $50,000 taken from an account, is the $50,000 added to the MAGI or just the interest earned?...Thank you and thank you for the video..Thomas Danes
Very helpful just discovered your website. I really do not want to pay a premium, but I’m very close to the limit. I think it might be best for me to take out large sums of money for all these projects that I want to get finished at least two years before I retire so the government doesn’t see all this capital gains. Is this basically what I need to be doing, I’m going to plan on retiring and 2026 in November, so what is the Irma’s for2026
You mentioned ROTH conversions. One point that makes it worth converting $ from the traditional IRA to the ROTH is that income from the ROTH is NOT part of IRMAA calculations (correct me if I am wrong please). So, if you have been moving money over and are able to create an income stream of let's say, $3-5K a month through your ROTH, that money is not part of IRMAA calculations. With the Trump tax cuts on pace to go bye-bye at end of 25', now is the time to convert. I'll be 61 soon and plan to retire in Dec 25'. Maxing out my present tax bracket (24%) this year and next with ROTH conversions and then moving less over once the 2 year look back goes into effect. Goal is to be in the first bracket of
My understanding is that Roth conversion income is part of your Modified Adjusted Gross Income
@@MedigapSeminars the conversion, yes. But once in a Roth, what I’ve read is that any income generated isn’t. I may have misunderstood. Any CFP”s or tax attorneys out there want to provide some clarity?
What's the income cap for single filer before IRMAA take into consideration .
The 2022 income cap for an individual return is $91,000 MAGI, The amount, however, is linked to the CPI. If the CPI shows 9% inflation for 2022, then the IRMAA threshold increases by 9%. medigapseminars.org/wp-content/uploads/2022/02/2022-Part-APart-B-IRMAA.pdf (see page 3)
Very informative and clear video.
I received a lump sum payment in 2020 that put me “over the limit” for 2022. So now, I’m going to have to pay more for Medicare and part D even though I have Medicare Advantage with prescription drug coverage…which I’m also paying for. My question(s) is, in the years before this lump sum payment, and in the years after this lump sum payment, I am nowhere near the income limit for increases to my Medicare (IRMA). This lump sum payment was not from an employer, so I’m not sure if it’s a “qualifying event” that would allow me to appeal. It was a lump sum back payment that I received after being approved for SSDI and represented several years of back payments. Also, since I did not have taxable income anywhere near the threshold for IRMA in subsequent years (2021 and 2022), do I have to continue paying this increase to my Medicare payments for the rest of my life?
If your appeal is not successful, the worst that can happen is paying IRMAA for one calendar year.
Great video. When does IRMMA reset? Is it calendar year or is it run a year from when you start medicare? Can you enroll at the end of your initial enrollment window in order to not have the 2 year look back work against you?
The new IRMAA levels for 2024 are here. They reset every Jan 01. medigapseminars.org/wp-content/uploads/2023/10/2024-Part-APart-B-IRMAA.pdf
I turn 65 in February. My wife and I file joint tax return . Am I correct in assuming they only look at my income? We receive Mineral royalties “sometimes” and 2022 was one of those years. Will all of that be counted or just half?
TY, great video. Too late, I’ve converted to Roth n I’ll be hit with Irma when I sign up for Medicare in 2024.😢
Thankfully it is only temporary
Does SSA ever make a flat out math error in calculating IRMAA? I’m newly retired federal employee and on my second bill from CMSS, my IRMAA is 100% of Part B. I was not an executive, but I get it that I fall into IRMAA territory.
on the last page of this pdf are the IRMAA rates for 2023. The table categories increase with inflation. medigapseminars.org/wp-content/uploads/2022/10/2023-Part-APart-B-IRMAA-3.pdf It doesn't take much to double Part D. Kee in mind, your Part B cost the government about $650 / month. So at double the standard rate, you are still being subsidized. :-)
So how does income effect medicap G pricing
Does Irmma increases last for ever ? ie. Sale of a home.
your IRMAA status is re looked at every year, looking at your income two year prior. If it was the sale of a home, that would only last one year.
This was really helpful!!! You seem to be the only one addressing this. I have a question - - - I recharacterized part of an IRA as a ROTH in 2021. Mistake - I had a MAGI of $91,600. This is $600 over the amount where an IRMAA is assessed on me as a single filer. ***But this is also $20,000 over my normal income. *** Essentially, it is the same as a windfall and I will not again have an income of that level. In 2023 I will not make nearly $91,000 nor have I in any other year. It is not fair. But I don't have a "life changing event", which seems to be the only basis of appeal? (I am unsure of this.). Can I avoid the IRMAA for 2023? What can I do? I am nowhere near having enough deductions to itemize, i.e., find items in order to re-file 2021 taxes with a slightly lower MAGI.
You asked if I was surprised about Part B cost. I was surprised it was so low. Obamacare cost me much more before I was Medicare eligible. I understand the "tax burden" is shared by all, just as I shared it all my life, and that is why we pay only a percent of the cost.
Hi Linda - this is a great example. I give presentations to Financial Planners to help them understand the impact of Roth Conversion on Medicare, among other issue. Here is the good news, the IRMAA table is linked to the CPI. For 2023 I expect the IRMAA minimum level to be closer to $100,000 because the CPI is expected to be around 9%.
Hi Linda, what a bad situation you're in. It reminded me of a few years ago when we put too much into an IRA for the year, and had to back out some of the money to get down to the limit. I'm sorry that I don't have access right now to the tax binder which had the form that was used. Did you contact a CPA for advice on this? It would seem that if you took money from an one IRA and put it into a Roth IRA, you should be able to reverse some of that money that you took out. It's just a bookkeeping thing you did, and hopefully there's a way to reverse it. We just moved but if I can get my hands on the tax binder, I will search for whatever form we used in our situation. Good luck on this!
@@gailsutton9901 Thanks - It is not reversible but it will be OK. $91,000 turned out to be the limit for 2020 taxes., My 2021 taxes should see the limit raised. I did contact the CPA who did my forms. She said nothing could reduce my AGI for the year. But it will be OK.
does the MAGI include public pension contributions?
www.ssa.gov/benefits/medicare/medicare-premiums.html#:~:text=We%20use%20the%20most%20recent,other%20program%20when%20you%20enroll.
I don’t feel to guilty as my Medicare Tax’s while working 50 something years were over 100,000 dollars
Does a able account change the calculation? It is a 529A. Would withdrawals out of this account hurt a person?
If one's income in the last year of employment exceeds the income limit such that an IIRMA increase is imposed two years into retirement, will that IIRMA increase be automatically reduced the FOLLOWING (third) year of retirement if, one's retirement income (via SS and/or pension funds) falls back below the triggering income threshold? Or will it only be reduced in subsequent years if the taxpayer submits the SSA-44 form requesting a reconsideration?
IRMAA resets every year. But your situation sounds to me like one of the eight exceptions that can be successfully appealed. See www.ssa.gov/forms/ssa-44.pdf
If you sell your primary residence how long do you have to purchase another before it’s a taxable event? How can one avoid taxes on the sale of a primary residence? Thank you
I cannot give accounting and tax advice.
@@MedigapSeminars Ido understand, the reason I asked was for general knowledge as I thought one had 2 years to use the proceeds from the sale of a primary residence to purchase another primary residence to offset the capital gains.
Thank you the information. One question: I am recently retired (9/31/23), age 64 turning 65 this coming Dec. I plan to sign up for Medicare starting at the beginning of 2024. I was thinking about making a substantial withdrawal from a Roth account in 2023. Would this affect my Medicare costs in any way?
I believe that yes, it would. My understanding of the tax rules is such a withdrawal It would be considered income when determining IRMAA
Hello I am appealing IRMAA Part B because they calculated my 2021 Income rather than 2022, for the 2-year look back period.The reason for that was 2022 was filed late. That being said; I would like to know if the IRMAA, Part B automatically drops off if the income drops below the IRMAA threshold during the "rolling" 2 year look back period. I hope my question is clear. Thanks in advance for your response!
@@e.p.gregory198 IRMMA is a rolling 2 year look back. If income changes, IRMAA stops.
Matthew - my income fluctuates yearly, will Medicare IRMMA surcharges for me automatically go up or down as my income changes. For example, my MGA was much lower in 2021 than 2020 so since I will move to a lower IRMMA bracket & a lower IRMMA surcharge, in 2023 will the government automatically reduce my IRMMA in 2023 or do I need to contact them ? If the government will automatically reduce my IRMMA surcharge in about what month in 2023 will I see this reduction ? Thank you (My wife Donna and me are happy clients of your firm )
Medicare / Social Security looks at your taxes as of two-years ago on a rolling tax-year basis. IRMAA price tables also adjust each year for inflation. Compare 2022 and 2023 here: medigapseminars.org/resources/ All of that is automatic. You do not need to do anything unless you want to appeal a decision. Changes in IRMAA charges should come about in January.
MATTHEW, does Irma include a joint tax return with a spouse? If one spouse is applying for a return to Original Med with less income does the joint tax return apply?
It's all about how you file your taxes, joint or individual. If you file a joint return, then your IRMAA will require a household income of twice the individual income. See page 3 of this: medigapseminars.org/wp-content/uploads/2022/02/2022-Part-APart-B-IRMAA.pdf
Thanks for this and other videos. Very helpful. Is the IRMAA surcharge automatically going to decrease as income gets lower into retirement? Is it assessed every year? Or do we have to appeal when income gets lower?
It is simply assessed once per year. If your income decreases it will adjust. Also the IRMAA table adjusts with inflation.
Very informative. Thank you.
I need some more impormation😊
So irrma is based on the two rolling years back every year?
yes
Thx Matthew. I still have an unanswered conundrum. The issue with planning ahead...we don't know the income cap 2 years hence. My 2025 premium is based on 2023 income but i wont know the income cap until 2025. How can I plan my 2023 income??
It's kind of like planning for short term investment gains, it is an educated guess. The IRMAA table will increase with the CPI. You can expect an 8.5% to 9% increase in the table levels for 2023. I would figure an average of 5% to 7% for the next 5 years. It takes time to work the excess cash out of the system. Historically, money printing leads inflation by two to four years. We have a ways to go.
Do assets such as rental properties or stocks impact Irma???
Yes I get RMDS have an effect
Sorry, I think I found the answer.
Social Security is only looking at your modified adjusted gross income .
Do these IRMMA tables come into play with Medicare Advantage Plans?
I thought that Social Security payments will go up if we continue to make a lot of money after full retirement age. I am working in homecare for someone who can not find anyone to replace me if I retire. With my income and social security payments I will make about $91,100 this year.
If I did a roth conversion of 30K that pushed me into a higher medicare bracket in the year 2 years prior, but my income in the year before and after that was lower, can an appeal be made that it was an anomaly?
No. If the Roth conversion pushed you into IRMAA, you will extra for that year. Thankfully , it is a rolling two year look-back.
@@MedigapSeminars , thank you! I was just reading that. I guess I will just continue doing small ROTH conversions each year, since the benefit seems to outweigh the bump in insurance premium.
What is define as a higher then average income? I am 64, took SS at 62. will be on Medicare May of 2025. Is this consider IRMAA? looks like to me if my income is only my SS which is about 23K a year then there will be no IRMAA?
see the last page here: medigapseminars.org/wp-content/uploads/2023/10/2024-Part-APart-B-IRMAA.pdf IRMAA qualification starts at $103,000
Hello, I am a widow , since 2006, still working and my income doesn’t reach the 103,000 but just started in middle of 2023 getting my deceased husbands social security, now if you combine the two it will be at 103,000, so will I now have to pay Irma
The table can change every year with inflation. So maybe next year/ Remember, this is a modified AGI not simply gross income. On the other hand, we speak with many people every day who retire on less than $30,000 a year. You are fortunate.
@@MedigapSeminars yes I understand that I’m fortunate, I’ve worked hard to get there as well , but thank you for your response
I have in state of shock. I just received IRMMA that I knew zilch about. For 2024 the rate of MAGI for si 14:03 single surviving spouse is 106,000.01. Part B 74.00 part D 13.70.
Was approved SS44- in 2023 as I stopped working due to Kidney disease- ESRD…
Removed IRMAA since Jan 2024
I’ve been on Disability since July 2023.
Do I have to reapply w SS44so IRMAA continues to stop?
OR
Will SSA have my status on file and not look back 2yrs to my 2023 earning when it was just as high as my 2022 earnings?
Keeping in mind my income took a dive mid-2023
Hope I did not confuse too much
Just want to know net- will I be playing this game where SSA will add IRMAA again OR if they will understand that I’m on disability only since 2023?
Thank you!!!
With IRMAA, every year it is like starting over again. If your income is still high and they charge an IRMAA, you will need to send a new appeal. You should be succesful considering your life changing event.
How long does a Medicare beneficiary have to pay IRMAA charges as a result of a one-time spike in income ? Why is the existence of IRMAA not publicized ? What is the probability of a successful appeal ?Many beneficiaries don't know about it till 2 years or more after they get a capital gain from the sale of a house. Full disclosure please ! Medicare is extremely helpful to many beneficiaries, but it should be more open about the impact on premiums from one-time financial events that spike income. Also, it's a rare video that tells me more than I can readily read almost anywhere. Insightful content is what we need, not basic stuff about the topic that's easily found in print. This applies to the great majority of related videos. Give us inside info, not the common knowledge.
You don't have to watch these videos. No one is forcing you. and you are welcome for the free information that took me a week to write, film and edit. If you want more information, call a professional. Someone other than us please. By the way, the answers to most of your questions are in the video.
So because I had a profitable year in 2021 I will be responsible for Irma for the rest of my life?
That’s ridiculous
This is not everything you need to know. This does not tell you how to calculate your MAGI for medicare from your AGI....
Please get rid of the glare bomb lamp from the viewable video.
Beware, things aren't always the way they appear!
Notice how the gentleman is very nice and says he just wants to help. He says just call if you have any questions. I called their number and said that I was interested in part D, immediately, the agent Beth became very rude. I don't think I have ever spoken to that level of a b-t-h in my life and I'm no spring chicken. She said we don't answer questions from non customers. I said the reason I am calling is to potentially be a customer. She then rudely said this conversation is over and before she hung up I said "so you don't sell Part D", she said I could self enroll but they only sell the more expensive suppliment and that she didn't make money talking to me so the conversation is over. I said "I'm going to tell people on Social media how rude you people are". She laughed and said "I don't care, go ahead" and hung up the phone on me.
First of all, I didn't care if she answered my questions or not. I was trying to figure out what business they are in, in other words what they sold? Did you notice how in the videos, the gentleman constantly tries to sell you on the advantage of suppliment insurance and criticizes all other forms of insurance? That is what they sell, only suppliment insurance. As she said, if she isn't selling that, she isn't making money and if she isn't making money from you, you are as worthless to them as used toilet paper.
So what does this mean to you? First of all, I wouldn't suggest trusting the bias opinions in these videos of suppliment insurance. Secondly, if only money is motivating these sales people and not even basic humanity or kindness, do you really think they are going to not put their profit over what is in your best interest? This gentleman mentions that you are not charged for their service, that the companies pay them. I use to be in a similar agency business and what he said is not exactly true. It's true that you don't have to pay his agency but the companies that use agencies have to pay these agencies tons of money and that money doesn't grow on trees. They obtain this money by charging their customers higher fees, and are usually or always going to charge you higher fees than companies that don't have this overhead. He claims he only specifically selects companies that are in your best interest because he is such a caring person. The truth is that he only uses companies that are willing to hire his agency. If you use his agency, not only are you likely getting the most expensive plans, but you are getting a small sample of the options available to you because not all companies use expensive agencies to sell their product and not all companies that do, use this particular agency.
Unless you want to make what will likely be a very expensive mistake, I would suggest going to the government website and seeing ALL the availability plans and speak to the government representatives for questions instead of through an agency that wants to direct you in the path that makes them the most profit instead of what is in your best interest. She didn't have to be so very rude. This just shows the type of people you are dealing with. Her attitude opened my eyes and saved me from making a costly mistake.
After I had time to think about the attitude of this person, it got me thinking about the big picture. The most predatory sales people make their money on senior citizens. Could that be the reason for her attitude? It wasn't just her rudeness, but her arrogance. I'm obviously a senior citizen like most of you that have watched these videos. We senior citizens are suckers for our impressions to the point where we emotional tend to place more focus on how we judge the messenger than the specifics and complexities of the message. I remember when my mother had just retired in her 60s and I was in my 30s. I recommended a stock broker to her. After I introduced him, he started pushing her toward risky investments that were dangerous to her but made him a lot of commission, products he knew I would never purchase. I was shocked and had multiple conversations with her about why she needed to stop dealing with him. All she said was how nice he was and kept losing her savings. Everyday he kept trying to sell her more junk and finally I had to take matters in my own hands and protect her. I called him up and said that if he contacted my mother again, I was going to file a complaint with the SCC (selling risky investments to the inexperienced), so he stopped. I then compensated her for her losses since I recommended him.
I'm now a little like her like most are when they get older. These people know what works with us old folks. They have a personality on these videos that is so nice and warm natured. He seems like a saint the way he talks as such a caring soul, often commenting that he is there to inform, to help, and not make money from us. He speaks about how he does not monetize his videos and just wants to send us in the right direction and in one video he just about went into academy award winning tears about how he saved a man so much money that he can now afford to see his grand kids. This sort of tactic of "saint salesman" from heaven would make a wise younger person even more suspicious, even angry, but us senior citizens are suckers for this.
This guy has sold most of us up front, that's the objective, blinding us to the vultures that are laying in wait. Just deal with neutral parties, stay away from salesmen. You can call the government representatives a thousand times and ask questions if you like, you don't need these people. There are plenty of suckers they can make money from, try not to let it be you.
Thanks for recounting here your experience trying to figure out how much coverage is provided and at what cost. This system of medicare supplements is typical of our government outsourcing creating endless opportunities for private players to skim profits. Who do we trust when so many are in this business only for easy money?
The Holy Bible states to NOT put your trust in "man" nor "Princes". It does state to "be wise as serpents but gentle as doves ". Seek wisdom, guidance, and knowledge but MOST IMPORTANTLY PRAY ABOUT EVERY THING!. The Holy Spirit WILL guide you into ALL Truth; HE is the 3rd part of The Godhead and IS NO LIAR. Make sure of your salvation and relationship with Yeshua HaMashiac (Jesus Christ, in English). Our enemy, Satan, comes ONLY "to kill, steal, and destroy" AND "IS the father of lies". " Commit your ways unto The LORD and HE WILL make your paths straight." ALL quoted statements in this post are from The Holy Bible.
Great video Matthew!!