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
  2028 Hits
2028 Hits

Search Blogs Module

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