Asset Planning, Inc Blog

The latest from the team.

Medicare Premiums Update and Medicare Surtax


Medicare Part B premiums are remaining unchanged for 2014 ($104.90 per month).  Those seniors who had an adjusted gross income of over $170,000 for married couples or $85,00 for all others, there will be an increase in rates for Part B and Part D premiums.  The adjusted gross income will be taken from the 2012 tax returns that were filed.  Total surcharges are phased in by adjusted gross income levels but will not be greater than $300.10 a month.  If you would like more information on the rate breakdown or how this might affect you, please follow the link below to the document provided by the Social Security Administration.

As part of the Affordable Care Act there is a new Medicare surtax that is being imposed on singles earning over $200,000 or couples earning over $250,000 for 2013.  This new surtax only applies to the earnings over the thresholds listed above.  This new surtax is only paid by the employee and does not change the employer portion of the Medicare tax.  This adds 0.9% to the amount of Medicare tax that is being paid and employers have been instructed to withhold the extra 0.9% of Medicare tax on any employee whose earnings exceed $200,000 regardless of filing status.

Normal 0 false false false EN-US X-NONE X-NONE


Continue reading
  1488 Hits
1488 Hits

Search Blogs Module

Wait a minute, while we are rendering the calendar
app Supplemental Security Income life saver cell phone carriers offer chip-enabled EMV cards Wells Fargo employees increase credit card fraud Medicare retirement planning home security ice cream event Financial Planning Magazine flash drive Legal robocalls relief efforts Open Enrollment email notifications rescue organizations drive /usb Affordable Care Act money pet documents 2018 IRA contributions privacy settings portal clients Medicare Part B Orange County Superior Court October 1 2020. president Trump web address car loans credit card company jury duty pets cell phones 70 1/2. phishing scams borrowing money CFP ® card reader memorial Day weekend policy birth certificates home break-ins executive order investment statements Flexible Spending Account IRS deadline paperwork clutter self-help topics retirement plans toilet paper credit score California Lions Friends April 18 2017. fees consumer spending contribution limit Roth IRA https :// spam phone Wells Fargo customers 20 year anniversary check lists VOIP landline phones home emergency kit Auto insurance Mobile Banking Security Tips bottom line https ://seekingalpha ID card Independence Day Social Security Administration padlock parking spots privacy notices identity theft gap insurance home emergency preparedness kits Kiplinger Letter National Ice Cream month trust Erin Nelsen 401K Part B emergency kit Medicare Part B premiums estate Brexit vote 4 pm -8pm clone counterfeits estate planning April 15 July 4 opt-out scams integral member Retirement Contribution Limits Medicare question Kraig Mathias “ skimmer ”. 2017 TD Ameritrade National LINC Conference Treasury Department pet industry Healthcare client portal insurance policy information Facebook Federal Trade Commission website asset Planning non-prescripstion sunglasses tax season Notary Public wells Fargo FEMA website Two-Step Verification Victor Dergunov phone companies identity thieves prescription eyeglasses illiegal robocallers earthquake app Puerto Rico trustee home Open House banking Shred paperwork partner /owner Fox News story tax deadline retirement accounts vision screening Asset Planning clients show support FSA health care costs D premiums information checklists EEChecklist-Kits.pdf stockpilingchecklist.pdf IRA accounts DNA test kits 2017 IRA contributions interest rates blog post home mortgages insurance policies assets credit cards CERTIFIED FINANCIAL PLANNER exam account numbers Part D premiums . summer disaster areas vacation house sitter spring cleaning fun facts phishing sites 900 number notary services Social Security pet supplies June 29 company Amazon official certification Facebook profile retirement Orange County emergency folder April 11 driver license credit freeze 23 andme debt