Message Font: Serif | Sans-Serif
No. of Recommendations: 4
thedofca100 writes,

We have recently discovered that the $65 Part B amount that we were charged is in ADDITION to the $96.40. They chose a year to base it on and if you have any special income during that year, tough luck to you, your amount will be increased. They even state that in their letter. They will re-assess it next year but won't change this year's charge even if your income has gone to zero.


That only bappens if you're in the Top 2% or 3% of the income pyramid. (The $65/month surcharge is for single retirees earning $102,000-$153,000 and married couples earning $204,000 to $306,000.) The median Social Security recipent earns about $17,000/yr from all sources of income.

Since Medicare Part B is so heavily subsidized by the taxpayers, I don't have a problem with charging higher income retirees more of the actual cost of providing the insurance. It doesn't make sense to tax middle-class workers so that a wealthy retiree can take a secord or third cruise.

And yes, I'll likely be paying the surcharge when I reach age 65.

Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.