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
  1887 Hits
1887 Hits

Search Blogs Module

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