Just had a talk with my adviser about this whole voluntary layoff thing….With me I am so close to 65, I plan to get out of telecomm and pick up a mediocre part time job to cushion the loss of CC funds. Come to find out the upcoming deposit of my severance, any upcoming bonus, banked PTO, etc etc….will be held against me when I start my Medicare…the large deposit will be a IRMAA surcharge on both my Medicare part B and part D premiums. This sliding scale of 5 brackets will no doubly kick my Medicare premiums a few more hundred dollars per month. To those of my coworkers who plan to jump into retirement after the severance comes may take this into consideration. If anyone has any constructive criticism on this matter, I’m all ears.
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Unjust layoffs and improper terminations must stop immediately. Managers and Directors including those operating within the entrenched Good Old Boy Network must be held fully and visibly accountable for their misconduct. Employees must stand together and elevate these concerns without hesitation through the proper channels, including submitting formal complaints to Business Support and filing anonymous complaints with the Ethics Hotline to ensure a thorough investigation and decisive corrective action.
@ah thank you….i will check into retaining a social security appeals council…thanks again
You can submit an appeal for your IRMMA and explain to them that it was a one time payment and you will not be receiving that money going forward. You will not have to worry about the medicare premiums until 2028 as they do a 2 year look back. For any income in 2026 will be looked at in 2028 Medicare part B and D premiums.