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Is lump sum severance pay included in MAGI for part b premiums

Is a one time lump sum payment included in the modified adjusted gross income used for determining ones part B premium?


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I'd suggest you see how this was treated for federal income tax purposes.

Generally, your modified adjusted gross income (MAGI) is the total of your adjusted gross income and tax-exempt interest income you may have. These are the amounts on lines 37 and 8b of IRS from 1040. Some examples of income are: wages, salaries, tips, taxable interest, certain dividends, business income, capital gains, and unemployment compensation, as well as annuities, Social Security payments and some pensions.

http://ssa-custhelp.ssa.gov/app/answers/detail/a_id/1601


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Not affiliated with the US Social Security Administration