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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 20 - Employees' Benefits |
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Chapter III - Social Security Administration |
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Part 418 - Medicare Subsidies |
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Subpart B - Medicare Part B Income-Related Monthly Adjustment Amount |
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Determinations Using a More Recent Tax Year'S Modified Adjusted Gross Income |
§ 418.1215 - What is a significant reduction in your income?
Latest version.
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§ 418.1215 What is a significant reduction in your income?
For purposes of this subpart, we will consider a reduction in your income to be significant if your modified adjusted gross income decreases; and
(a) The decrease reduces the percentage of the income-related monthly adjustment amount you must pay according to the Table of Applicable Percentages in § 418.1120; or
(b) The decrease reduces your modified adjusted gross income to an amount below the threshold described in § 418.1105 and eliminates any income-related monthly adjustment amount you must pay.