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
  2255 Hits
2255 Hits

Search Blogs Module

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