If your income has dropped, there are options for easing your Medicare costs

First, Medicare is not free. If your income suddenly dropped due to the coronavirus, it may be more challenging to pay for your Medicare.  While it depends on your circumstances, there may be options available to ease how much you are paying for Medicare.  If you are paying income-related monthly adjustment amounts, or IRMAA, a sudden reduction in income may justify eliminating or reducing those surcharges.  Now, depending on how far your income has dropped, you may be able to enroll in a Medicare Savings Program.  For more details click here… to read the article.

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