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
  2492 Hits

Search Blogs Module

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