Community Chat

[haddon9]

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@Snowpuppy wrote:

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@SharkE wrote:

Medicare premium taken from your check is going down 7.00.

deductible is 226 not 233 like it was this yr.

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School me if I'm wrong but isn't this based on income? Like not everyone pays the same premium?

And don't you have to add a drug plan to this cost?

I'm not there yet but trying to figure out if it's better to keep my company's plan in retirement.

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@Snowpuppy Yes you are correct about the cost of the premium.  Most people will pay one amount which I just don't remember what that is right now.  As mentioned it's supposed to go down a bit. 

However if your income is over a certain amount (again I can't remember what that number is....but it could be changing for next year), your premium cost will be higher.  

[Snowpuppy]

Thank you for clarification.

I guess I won't be concerned about the $190k income in retirement. 😊

[catter70]

I had heard originally that the increase would be between 10% and 11%, but that amount decreased when the price of gasoline started to go down. Of course, now the price of gas is increasing again.

[SeaMaiden]

Remember:

He giveth

He Taketh away.....

Do not plan on spending it😄

[gidgetgh]

I'm thrilled with any increase.  No complaints. 

[Magicrat]

Medicare should be free.  And Social Security should not be taxed since tax was already paid on it at the time the wages were earned.

[CelticCrafter]

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@Magicrat wrote:

Medicare should be free.  And Social Security should not be taxed since tax was already paid on it at the time the wages were earned.

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Most people get back far more than what they contributed so why shouldn't it be taxed.  Kind of like taxes on savings and investments profits.

[Sage04]

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@Magicrat wrote:

Medicare should be free.  And Social Security should not be taxed since tax was already paid on it at the time the wages were earned.

@Magicrat  I thought you only paid taxes on SS in certain States?

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[CelticCrafter]

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@Sage04 wrote:

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@Magicrat wrote:

Medicare should be free.  And Social Security should not be taxed since tax was already paid on it at the time the wages were earned.

@Magicrat  I thought you only paid taxes on SS in certain States?

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@Sage04 it's taxed federally and it depends on "income level". 

In NJ we do not pay state tax on it.

[MamaWick]

We pay no income tax on our SS in Texas...Federal or State (Texas has no state income tax).