How to Handle Medicare Part B Premium for 2021

 

For Retirees:

By Tiffany Obembe, LACERS

As a reminder, all retired Members and their dependents who are eligible for Medicare and enrolled in a LACERS plan are required to enroll in Medicare Part B. Retired Members enrolled in Medicare Parts A and B with at least 10 years of service who are enrolled in a LACERS Senior medical plan or participate in the Medical Premium Reimbursement Program (MPRP) are eligible for a reimbursement of their basic Medicare Part B premium. For 2021, the standard (basic) Medicare Part B premium amount will be $148.50 per month (not including Income-Related Monthly Adjustment Amounts [IRMAAs] and late enrollment penalties).

If you are a Retiree whose Medicare Part B premium is deducted from your Social Security benefit check and it is less than $148.50 a month, you will need to submit proof of the amount to LACERS so that your reimbursement amount can be adjusted.

Not Eligible to Receive Basic Medicare Part B Premium Reimbursement

Surviving Spouses/Domestic Partners and health plan dependents are not eligible to receive a reimbursement unless they are also a Retiree with at least 10 years of Service.
Retirees enrolled only in Medicare Part B are not eligible to receive a reimbursement and do not need to submit proof of enrollment.

For more information visit LACERS.org/medicare.

 

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