I received a letter from the SSA that showed I have large surcharges for IRMAA Medicare premiums B and Part D that are taken from my SS monthly deposit in 2021. However, because of the CARES act, I am not taking an RMD this year. For this reason, my income for 2020 dropped to the point I should have no surcharges.
What are the steps to now stop the SSA from deducting the surcharge from my SS monthly deposit in the new year 2021? It is not a life change event where you can appeal, like loss of a pension. Or do you have to let this play out and eventually the SS will see the tax return and automatically adjust the surcharge? I read that the surcharge is based on a tax return from 2 years ago so this is pretty confusing. In 2021 assuming an RMD withdrawal so the income will rise again and I'll have surcharges.
