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
  2748 Hits

Search Blogs Module

Wait a minute, while we are rendering the calendar
jury duty Medicare Part B home Brexit vote Notary Public 23 andme coronavirus trust check lists paper records prescription eyeglasses Medicare Part B premiums wells Fargo increase 401K Independence Day executive order checklists retirement plans business hours Part B Erin Nelsen bottom line stock pile money credit card fraud card reader Open House donation items clone counterfeits operations manager Medicare student loans credit score assets team members https ://seekingalpha email notifications consumer spending family members media accounts Social Security Administration FEMA website Wells Fargo customers cell phone provider tax deadline Orange County borrowing money birth certificates toilet paper spread home security September 9 Legal robocalls September 30 2020. Asset Planning Medicare Advantage insurance policies July 3 rd CERTIFIED FINANCIAL PLANNER exam Two-Step Verification privacy settings hurricane Dorian Flexible Spending Account Kraig Mathias self-help topics “ skimmer ”. client portal market turmoil Treasury Department life saver padlock web address Fox News story earnings fallout scams Auto insurance cell phone service provider https :// Affordable Care Act cell phone carriers emergency folder Social Security retirement planning IRS deadline banking 70 1/2. spring cleaning Facebook profile donation counts credit card company 2017 Equifax breach Medicare plan water … September 8 ice cream emergency kits tax records holidays approach 2017 IRA contributions house sitter notary services April 18 2017. Victor Dergunov home mortgages October 1 2020. fun atmosphere car loans spam phone investment statements flash drive app estate planning direction January 10 summer people medications pet July 4 D premiums Joey Gonzales Economic Security information Facebook California Lions Friends retirement phishing scams interest Kiplinger Letter drive /usb tax filing deadlines phishing sites illiegal robocallers 900 number settlement options retirement accounts Supplemental Security Income Retirement Contribution Limits breach home emergency kit insurance policy relief efforts company integral member health care services markets text messages FSA trustee cell phones Part D premiums . April 15 cell phone SIM swap scam Open Enrollment Shred paperwork paperwork clutter 2018 IRA contributions COVID -19 virus pets June 29 clients show support Ice Cream Social identity thieves pet industry documents Federal Trade Commission website opt-out privacy notices July weekend interest rates items offering insurance National Ice Cream month April 11 Coronavirus Aid 4 pm -8pm pet donation drive identity theft 20 year anniversary Wells Fargo employees CA FTB clients vision screening ice cream event 2017 TD Ameritrade National LINC Conference Expired medications estate CARES Act non-prescripstion sunglasses credit freeze Orange County Superior Court Puerto Rico policy February 14 credit monitoring service Labor Day phone phone companies IRA accounts years asset Planning earthquake app VOIP landline phones Healthcare credit cards IRS Amazon rescue organizations Medicare question Roth IRA fees CFP ® stimulus package official certification disaster areas gap insurance driver license health care costs chip-enabled EMV cards ID card fun facts July 6 debt contribution limit pet supplies vacation estate planning memorial Day weekend Mobile Banking Security Tips Financial Planning Magazine blog post tax season tax deadlines portal emergency kit home emergency preparedness kits president Trump partner /owner tax returns home break-ins cell phone carriers offer payments parking spots EEChecklist-Kits.pdf stockpilingchecklist.pdf Charles Schwab TD Ameritrade information news coverage DNA test kits records account numbers