Quote:
Originally Posted by Rain Man
I just learned that the lookback period for Medicare income-based surcharges goes back two years, so you should start planning two years ahead of time. I had no idea of that.
I did a notable Roth conversion this year, and it's going to end up costing me a Medicare surcharge, which really stinks. I ran the numbers and I'm still ahead of the game to do the conversion, but the surcharge bites into my advantage.
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You are correct...planning for the surcharges should be 2 years....
I was talking about the actual process of applying...because if you are working and have company insurance, there is a form you have to turn in with your application that shows you had coverage from your employer the prior year....and even when you do turn in your paperwork you can still run into snags...