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.

http://www.ssa.gov/pubs/EN-05-10536.pdf

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
  2402 Hits

Search Blogs Module

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