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Author: intercst Big funky green star, 20000 posts Top Favorite Fools Top Recommended Fools Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19260  
Subject: Re: Help! medicare costs more than regular insur Date: 7/1/2008 1:10 AM
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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.

</snip>


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.

http://www.medicare.gov/MPPF/Include/DataSection/MedigapDeta...

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.

intercst
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