![]() |
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 |
§ 418.1205 - What is a major life-changing event?
-
§ 418.1205 What is a major life-changing event?
For the purposes of this subpart, we will consider the following to be major life-changing events:
(a) Your spouse dies;
(b) You marry;
(c) Your marriage ends through divorce or annulment;
(d) You or your spouse stop working or reduce the hours you work;
(e) You or your spouse experiences a loss of income-producing property, provided the loss is not at the direction of you or your spouse (e.g., due to the sale or transfer of the property) and is not a result of the ordinary risk of investment. Examples of the type of property loss include, but are not limited to: Loss of real property within a Presidentially or Gubernatorially-declared disaster area, destruction of livestock or crops by natural disaster or disease, loss from real property due to arson, or loss of investment property as a result of fraud or theft due to a criminal act by a third party;
(f) You or your spouse experiences a scheduled cessation, termination, or reorganization of an employer's pension plan;
(g) You or your spouse receives a settlement from an employer or former employer because of the employer's closure, bankruptcy, or reorganization.
[71 FR 62931, Oct. 27, 2006, as amended at 75 FR 41086, July 15, 2010]