His Company Pension Is Being Cut as the Plan Fails. Medicare Can Keep Pricing Him on the Old Pension for Two More Years Unless He Checks One Box

Retirees whose company pension plans fail can continue to receive Medicare premium bills based on their prior, higher income for as long as two years. Relief may be available through a little-known checkbox on a federal form, but the article indicates that very few affected individuals file it. The issue creates a potentially significant financial burden for impacted retirees but is unlikely to have broad market implications.