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
  2461 Hits

Search Blogs Module

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