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
  1576 Hits
1576 Hits

Search Blogs Module

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