Update on the Medicare Income Related Monthly Amount Adjustment (IRMAA) reimbursements

The Division of Pension and Benefits has alerted us that they are changing the process for the Medicare Income Related Monthly Amount Adjustment (IRMAA) reimbursements.  This reimbursement is for higher income Medicare beneficiaries who pay an additional charge for the premiums.

The following was posted on the Division’s website:

The NJDPB has partnered this year with mynjbenefitshub to administer the income related (IRMAA) Medicare reimbursements. Eligible retirees should watch for the mailing from mynjbenefitshub and follow the revised procedures for reimbursement. Do not send your IRMAA Medicare reimbursement documents to the NJDPB.

All members will receive a letter from Businessolver within the next two weeks describing the new process for submission.  The Division has assured us that members will receive paper forms and will be able to mail, fax, or upload their documents to the portal.  We found that members who uploaded their forms last year received their reimbursement faster than members who mailed in their submission.

Because of the new process, members will have until May 1 to submit their IRMAA documentation. 

We do understand that some members have already mailed in their paperwork.  While the Division has indicated to some members who have called that they will be forwarding the mail to the new vendor, we would encourage members to resubmit their paperwork. 

As we receive updates, we will keep everyone informed!