The estimates from the Baird report are probably wrong. Financial advisors and the media like to get everyone worked up. Your Congress will decide the increase and they don't like to irritate the Medicare crowd because they vote at a higher rate.
The penalty for not enrolling or dropping Medicare Part B is only 10% for each year you do not enroll. So if you want to wait till age 66 instead of age 65 you will pay $115.40 per month, but you will save 104.90 x12 = $1258.80 or more if your gambling W-2s cause a higher premium.
The extra premiums are re-determined each year based on your adjusted gross income from 2 years ago in most cases. You have options to change your gambling or not enroll till a later time to avoid the high premiums.
[Non-text portions of this message have been removed]
Posted by: cy4873@hotmail.com
| Reply via web post | • | Reply to sender | • | Reply to group | • | Start a New Topic | • | Messages in this topic (3) |
