Medicare
Exam OnlyProduct Description
Medicare premiums have a complex relationship with the income tax system as deductions vary for itemized deductions, self-employed individuals, and IRMAA penalties for high prior year AGI. This course defines the types of Medicare coverage, their premiums and penalties, their tax deductions and coverage.
Prerequisites
NoneField of Study
Specialized Knowledge-0.00Taxes-2.00
NASBA Categories
Specialized Knowledge, TaxesCourse Level
IntermediateCourse Objectives
We will discuss qualifying for and when and how to sign up for Medicare, types of coverage and choices, penalties for late signup, IRMAA penalties based on AGI, premium deductions. We will also go over non-covered items and Medicare supplemental policies, costs and deductions.