Quote:
Originally Posted by hcoles
The Plan B Medicare rate is based on two years back. E.g. the rate for 2017 is based on your 2015 income. Thus you get penalized a bit just after you retire. You can see this is about the only way they can make it work. E.g. your income for 2016 is not known until well into 2017 (April or later) or they use 2015 info.
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Because both my wife and I have to start RMD's this year we will be getting kicked into the higher Part B premium in 2019 as I understand it anyway.
I think since retiring I spend more time on taxes that when working. Penalties on Medicare Part B per the above, more of SS is taxed (85% of our social security is now taxable), and etc. etc.... fun and games it is.