That is very helpful. Thanks.
Time for us to change to something like nickel 100 play.
Predict casino's will be putting in new rooms for medicare customers.
They will call it "the high geezer room."
--- In vpFREE@yahoogroups.com, "kcace1024" wrote:
>
> If you will be 63 this year you need to know that your W-2Gs can increase your Medicare Part B and D premiums when you turn 65 in 2015. Social Security uses your modified adjusted gross income (MAGI) from 2 years ago to determine your current year premiums. Your Social Security benefit is not affected, but most people have Medicare premiums taken out of their SS check.
>
> The basic Part B premium for 2013 is $104.90 and I will list the higher levels below.
>
> Level 1 - $146.90 (104.90 + 42.00)
> single income $85,000 - $107,000
> married income $170,000 - $214,000
>
> Level 2 - $209.80 (104.90 + 104.90)
> single income $107,000 - $160,000
> married income $214,000 - $320,000
>
> Level 3 - $272.70 (104.90 + 167.80)
> single income $160,000 - $214,000
> married income $320.000 -$428,000
>
> Level 4 - $335.70 )104.90 + 230.80)
> single income over $214,000
> married income over $428,000
>
> Part D is for the drug plan and is also affected, but you may not need Part D and the premiums are much smaller.
>
> A friend of mine just turned 65 and found out he is well over the Level 4 cutoff. You can take a chance and refuse Medicare Part B if you are healthy and enroll after you reduce your gambling income. There is a penalty for every year you delay.
>
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