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Financial Planning / Tax Strategies


Subject:  Re: Medicare Part B Means Testing Date:  1/6/2011  9:27 AM
Author:  billjam Number:  111885 of 127546

As Phil said, higher premium based on income is not new.

One thing that is still waiting to get us is the catchup in Part B premiums when SS COLA finally happens, maybe in 2012. By then I expect the Part B premium will be $120 or higher. Assuming a $25 increase in SS benefits, I expect Part B premium will jump $120 and wipe out the increase for those who have been paying the old $96 rate. I can hear the screaming already. Since I'm paying $110 already at least I'll have a few dollars extra in my check.
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