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Roth Conversion Raises Medicare Costs

With all the talk of Roth conversions in 2010, I’d like to bring attention to a little known consequence of doing a Roth conversion- it increases your income and therefore could trigger a higher Medicare premium.  Currently, most retirees pay $96.40 for part B coverage. However, if you claim the conversion income over one and/or two years you will likely be push into a very high income bracket and therefore have higher Medicare premiums for those corresponding years. To help with your planning, see Medicare’s income thresholds and subsequent premiums below:

Income

Monthly Medicare Premium

Individuals

Married Couples

$85,001   to $107,000

$170,001 to $214,000

$154.70

$107,001 to $160,000

$214,001 to $320,000

$221.00

$160,001 to $214,000

$320,001 to $428,000

$287.30

$214,001 or more

$428,001 or more

$353.60



Erin 

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