How should I reflect Medicare Part B premiums paid by a post-retirement health and welfare benefit fund?
My wife and I are eligible for post-retirement medical benefits arising from her employment. Once we are both on Medicare (at age 65), all of our Part B and other medical insurance premiums will be covered by the (then) former employer's plan.
ESPlanner automatically calculates the Part B premiums, which is a great feature, especially given that the premiums can increase based on income.
My question is how should I account for the Part B premiums being paid for by the retirement plan?
My first thought is to make an entry in the "Will the Medicare Part B Premium be changed?" field.
Of course, I need to consider whether the arrangement providing this benefit may change in the future. The conservative approach might be to leave the Part B premiums as calculated and enjoy the excess money should the arrangement stand.