[Ask the Gulch] Has anyone learned of Social Security charges being increased after means-testing for Part B and prescription drug coverage? I just heard of this. - Galt's Gulch

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[Ask the Gulch] Has anyone learned of Social Security charges being increased after means-testing for Part B and prescription drug coverage? I just heard of this.

Posted by johnpe1 9 years ago to Ask the Gulch

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Posted by johnpe1 9 years ago

heard from a good source:::

"unfortunately this is true. The income test is
based on your tax return from 2 years ago.
If your income is above a certain limit (it was
$85k for individuals and $170k for a couple
last year), then Medicare assesses you a
higher Premium for Part B and you also pay
more for Part D."

awshucks! . in your pocket again, they are!!! -- j
.

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  Posted by MichaelAarethun 9 years ago
  
  Escaped that one ....whew!!! The $100 a month they deduct but not from the income tax liability is still worthless at this point. It's automatic though. Without check yes on Par B and D the main retirement check stops. Catch 22. The best part is I don't have to worry about getting transferred to a VA facility. I make too much being retired to qualify. 24 years or no 24 years. I feel like I dodged a major bullet.
  
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