I just heard from SS that my Medicare Part B premium for next year will be $146.90, as opposed to $104.90. This is due to the fact that I exceeded the $170K MAGI by $400 on my 2011 joing tax return. The reason was my wife inherited an IRA from her Dad, but since it was only $50K, we decided to just take the distribution so we wouldn't have to do RMDs for it each year. The problem is that the amount upped us from around $120K to $170K+$500 in AGI, which has now resulted in me paying $504 more for Medicare Part B. The only good news is that it should drop back down the the minimum level once the 2012 tax year is passed along by the IRS to the SS Administration. For now, though, I gain $400 only to lose $504.
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