Cola tax on my health insurance (55, pension, social security, retired)

[lynxville]

Just got a raise on my retirement, I am under 65 and my employer pays most of my health insurance, now for the first time ever I get a cola tax which is larger than my cost of living raise. Where did this cola tax come from?

[Curmudgeon]

Originally Posted by lynxville

Just got a raise on my retirement, I am under 65 and my employer pays most of my health insurance, now for the first time ever I get a cola tax which is larger than my cost of living raise. Where did this cola tax come from?

Today's fiscal realities!

[willow wind]

Well, since you've got private insurance through your employer you should be talking to your human resources department to have them explain it to you.

I remember one time on my first job, I got a raise , which kicked me into another tax bracket so that my take home was actually a few dollars less than it was prior to raise. Fiscal realities !

[Midpack]

Originally Posted by willow wind

Well, since you've got private insurance through your employer you should be talking to your human resources department to have them explain it to you.

I remember one time on my first job, I got a raise , which kicked me into another tax bracket so that my take home was actually a few dollars less than it was prior to raise. Fiscal realities !

Your take home might have been lower, but your taxes weren't (due to the raise at least) once you filed. And you can change your withholding whenever you want to...

[Escort Rider]

Originally Posted by lynxville

Just got a raise on my retirement, I am under 65 and my employer pays most of my health insurance, now for the first time ever I get a cola tax which is larger than my cost of living raise. Where did this cola tax come from?

I have never heard of such a thing as a "cola tax". Can you please explain yourself? Do you mean that the raise in your retirement benefits resulted in an increase in your tax withholding? And what is the "raise on my retirement", exactly? What retirement? Social Security? Private pension? Public employee pension? Was the raise a cost of living adjustment (COLA)?

If your increased income bumped up your withholding automatically, that is not the same thing as a "tax". It is really hard to understand your post when you use such vague and non-specific language. Please help us out here.

[lynxville]

Originally Posted by Escort Rider

I have never heard of such a thing as a "cola tax". Can you please explain yourself? Do you mean that the raise in your retirement benefits resulted in an increase in your tax withholding? And what is the "raise on my retirement", exactly? What retirement? Social Security? Private pension? Public employee pension? Was the raise a cost of living adjustment (COLA)?

If your increased income bumped up your withholding automatically, that is not the same thing as a "tax". It is really hard to understand your post when you use such vague and non-specific language. Please help us out here.

Public pension, but it was a cola tax on "my health care benefit". Has nothing to do with witholding or any other kind of tax. I was just wondering because I have been retired for a while and never was taxed on my health insurance.

[Escort Rider]

Originally Posted by lynxville

Public pension, but it was a cola tax on "my health care benefit". Has nothing to do with witholding or any other kind of tax. I was just wondering because I have been retired for a while and never was taxed on my health insurance.

Thanks for the clarification, and sorry I was confused.