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
  2715 Hits

Search Blogs Module

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