How and when will I be reimbursed for my Medicare Part B premiums?

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Under current law, the amount of your Medicare Part B reimbursement is the amount you are charged by Medicare (minus any penalties for late enrollment). If you were hired before July 1, 2023, this will include IRMAA and your spouse or DP/CUP is eligible for Medicare Part B reimbursements as well. If you were hired on or after July 1, 2023, you are eligible to be reimbursed the standard Medicare premium amount. Generally, your reimbursement will be deposited quarterly during the first week of April, July, October and January for the prior quarter. If you became eligible for Medicare Part B after July 1, 2006, your reimbursements must be direct deposited into your financial institution account. A direct deposit agreement form must be submitted to the EUTF.