![]() |
Code of Federal Regulations (Last Updated: July 5, 2024) |
![]() |
Title 20 - Employees' Benefits |
![]() |
Chapter III - Social Security Administration |
![]() |
Part 418 - Medicare Subsidies |
![]() |
Subpart B - Medicare Part B Income-Related Monthly Adjustment Amount |
![]() |
Determinations Using a More Recent Tax Year'S Modified Adjusted Gross Income |
§ 418.1201 - When will we determine your income-related monthly adjustment amount based on the modified adjusted gross income information that you provide for a more recent tax year?
-
§ 418.1201 When will we determine your income-related monthly adjustment amount based on the modified adjusted gross income information that you provide for a more recent tax year?
We will use a more recent tax year than the years described in § 418.1135(a) or (b) to reduce or eliminate your income-related monthly adjustment amount when all of the following occur:
(a) You experience a major life-changing event as defined in § 418.1205; and
(b) That major life-changing event results in a significant reduction in your modified adjusted gross income for the year which you request we use and the next year, if applicable. For purposes of this section, a significant reduction in your modified adjusted gross income is one that results in the decrease or elimination of your income-related monthly adjustment amount; and
(c) You request that we use a more recent tax year's modified adjusted gross income; and
(d) You provide evidence as described in §§ 418.1255 and 418.1265.