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
  1851 Hits
1851 Hits

Search Blogs Module

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