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
  1784 Hits
1784 Hits

Search Blogs Module

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