Dear Rusty: I’m 63 and still employed. My husband passed away 7 years ago at the age of 58. Am I able to collect my husband’s Social Security while I’m still working? Signed: Working Widow
This recording presents the viewpoints of the AMAC Foundation’s Social Security Advisory Staff, trained and accredited under the National Social Security Advisors program of the National Social Security Association, LLC (NSSA). NSSA and the AMAC Foundation are not affiliated with or endorsed by the United States Government, the Social Security Administration, or any other state government. To request additional information, contact our Advisory Staff at 888-750-2622, or email us at SSAdvisor@AmacFoundation.org.
Thank you
My husband & I filed jointly in Florida. We sold his moms home that he inherited. We paid our capital gains. SSA sent us a letter informing us our medicare IRMAA part B will now be deducted from both of us $527.50 a month! They are
claoming our income increased by $373,610. I have an appt. In Jan to show SSA that it was from the sale of moms house. Can you advise me as to what else, I can do to show that we are a middle class couple who needs their ssa.
Todd & Beverly
You are doing the only thing you can do, file an appeal with Social Security. Social Security receives your tax returns almost two years behind, as this is your 2023 premium, I am presuming you sold your husband’s mother’s home in 2021. Spouses always have to pay the same Medicare premium, even if only one has income. The increased premium you are now facing lasts for a period of 12 months, if your income on your 2022 tax return will is less your Medicare premium will be reduced accordingly for 2024.
A one-time capital gain is not considered a qualifying event for getting your Medicare premiums reduced. If paying these higher premiums for 12 months will cause you financial hardship, you should file your appeal on those grounds. Be prepared to show proof of your 2022 income when you go in for your appointment, if your 2022 tax return will not be filed yet at that time, you can present 2022 W-2s and 1099’s. A signed letter from your tax preparer or accountant with an estimate of your 2022 income is also acceptable. Do not underestimate your expected income in 2022, as if you win your appeal, and it is actually higher you could find yourself owing money back to Social Security.
When filing an appeal on your premiums due to a capital gain, Social Security’s decision can go either way depending on the amount of your capital gain in 2021, Social Security will determine whether or not you can afford to pay the higher premium for 12 months.
If you have further questions please contact us either by email at ssadivor@amacfoundation.org or call (888)750-2622
Sharon Kleczka
AMAC Foundation
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