Question 677: At age 62 does my premium on railroad insurance decrease? If so by how much? What is the maximum amount I can earn being retired without being penalized?
Answer: Questions about your railroad medical insurance premiums should be directed to your employer.
Retired rail employees who receive Railroad Retirement are subject to the following earnings restrictions in 2009:
If you will not reach your full retirement age in 2009, your benefits will be reduced when you earn over $14,160.
If you reach your full retirement age in 2009, your benefits will be reduced if your earn over $37,680.
If you have reached your full retirement age before 2009, there are no restrictions on your earnings.