Pension Information and Medicare Info

On Friday, April 12th, most of our Retired members on Medicare received their 2018 Medicare Part B Reimbursement. The 2018 Medicare Part B Reimbursement was electronically deposited into the same bank account in which you receive your pension payment; it will be in the same account shown as a separate deposit from the pension payment. For those members who receive a hard check for their pension payment, you will receive a hard check for the Medicare Part B Reimbursement sent to the permanent address on record at the Pension Section.

               For 2018, the standard Medicare Part B monthly cost/deduction was $134.00 per person per month; $1,608 for single and $3,216 for members and eligible dependent. However, for some individuals, the standard reimbursement amount recently issued by the City for Calendar Year 2018, was at the 2017 rate of $109.00 per person per month; $1,308 for single and $2,616 for member and eligible dependent.

If you received the standard premium for Medicare Part B reimbursement of $109.00 per month for 2018, but paid $134 per month, you can submit to be paid the difference, i.e. $300/$600. In order to receive the differential, the retiree and/or eligible dependent must submit a copy of proof of this additional payment (for example, the Form SSA-1099, bank statements, CMS-500 Notice of Medicare Payment Due) to the NYC Health Benefits Program for review. If approved, you will receive the differential payment at a later date; reportedly sometime during the first quarter of 2020. For further information and to download the required form, visit their website at the following link, http://www1.nyc.gov/site/olr/health/retiree/health-retiree-medb-irmaa.page.

ADDITIONAL INFORMATION:

Member NOT Filing 2018 IRMAA:

If your Medicare Part B Reimbursement was incorrect (you are owed money), and you will not be filing for the Income Related Monthly Adjustment Amount (IRMAA), then the member will need to prepare the NYC Health Benefits Program’s form “2018 Medicare Part B Reimbursement Differential Request Form”; click here for link to form: https://www1.nyc.gov/assets/olr/downloads/pdf/health/med-b-differential-form-2018.pdfFollow the instructions on the form and provide the requested information. Return the form and the required documentation to: NYC Health Benefits Program Attention: Medicare Part B Differential Unit Church Street Station / PO Box 3478 / New York, NY 10008-3478. We are being informed that these payments will be sent out sometime in the first quarter of 2020.

Member Filing 2018 IRMAA:

            If your Medicare Part B Reimbursement was incorrect (you are owed money), but you will be filing for the Income Related Monthly Adjustment Amount (IRMAA), then the additional Medicare Part B Reimbursement will be included in you IRMAA payment. The city will automatically adjust the payment and will issue the balance of the Standard Medicare Part B Reimbursement and the IRMAA at the same time, but in separate checks/deposits; reportedly in October. Click the following link to access the “2018 Medicare Part B IRMAA Reimbursement Form”https://www1.nyc.gov/assets/olr/downloads/pdf/health/irmaa-form-2016-2018.pdf. Please submit the form, along with all required documents, to: NYC Health Benefits Program / Attn: IRMAA Unit / 40 Rector Street, 3rd Floor / New York, NY 10006.

2018 REIMBURSEMENT DIFFERENTIAL REQUEST FORM-1

NYC Fire Pension Fund Info