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Post by revirdsuba99 on Jun 15, 2022 4:48:51 GMT
Medicare monthly payment went from $144 in 2020 to $148 in 2021 to $170 for 2022.. again that is per month. I was surprised at the large jump in cost.
(And yes I DO pay income taxes on roughly 85% of my social security income!) I need to correct this.. I think it is that 85% of my social security becomes part of my my total income toward the adjusted income, so I don't pay on 85% but part of it.
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lindas
Pearl Clutcher
Posts: 4,154
Jun 26, 2014 5:46:37 GMT
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Post by lindas on Jun 15, 2022 14:02:28 GMT
Medicare monthly payment went from $144 in 2020 to $148 in 2021 to $170 for 2022.. again that is per month. I was surprised at the large jump in cost. And yes I DO pay income taxes on roughly 85% of my social security income! 85% seems high. My taxable portion for federal was around 45%, my state doesn’t tax SS benefits. I wouldn’t be surprised if we don’t see another large increase in Medicare again next yr.
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Post by revirdsuba99 on Jun 15, 2022 14:24:35 GMT
Medicare monthly payment went from $144 in 2020 to $148 in 2021 to $170 for 2022.. again that is per month. I was surprised at the large jump in cost. And yes I DO pay income taxes on roughly 85% of my social security income! 85% seems high. My taxable portion for federal was around 45%, my state doesn’t tax SS benefits. I wouldn’t be surprised if we don’t see another large increase in Medicare again next yr. Fixing it. I need to correct this.. I think it is that 85% of my social security becomes part of my my total income toward the adjusted income, so I don't pay on 85% but part of it.
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