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Strange values for Part B

Submitted by rogerschultz on 4 January 2012 - 4:36pm

The values for the Medicare part B premiums appears range all over the place

(for myself and spouse), when I would expect it to be either constant of at lease just monotonically decrease. I've set no value for growth rate for part b premiums, and only one year (2016) has income > 170,000, the IRS cutoff for joint filing high level income surcharge, so what does these numbers appear to vary all over the place:

Year Medicare Part B Premiums
2012 4,309
2013 5,774
2014 5,803
2015 2,916
2016 2,873
2017 4,123
2018 5,920
2019 4,165
2020 4,185
2021 4,206
2022 6,039
2023 4,249
2024 3,050
2025 3,005
2026 2,962
2027 2,921
2028 2,881
2029 2,844
2030 2,807

‹ How/where do I account for tax loss...$3000/yr for 7 years. Capital gains treatment ›
Submitted by Mike OConnor on 4 January 2012 - 5:20pm.
1

The Medicare B premium means test threshold is frozen at $170,000 in nominal dollars until 2019. This means that it's decreasing in terms of constant 2012 dollars.
Additionally, the means test is based on Modified Adjusted Growth Income in the second preceding year. So, your MAGI in 2012 is used to determine your 2014 Medicare B premium.

It can get even more complicated if you are receiving Social Security benefits because of the hold harmless provision that ensures that your SS benefit will not decrease because of increased Medicare B premiums.

If you'd like me to look specifically at your case, please open a support ticket and upload your database.

Thanks,

Mike O'Connor

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