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Old 12-11-2018, 01:14 PM
 
Location: S.W. Florida
2,206 posts, read 929,655 times
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Got mine yesterday, a 2.8% increase. Iíve got a whole year ahead of me with no deductions taken out. Then the big 65 hits and Medicare starts being deducted.
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Old 12-11-2018, 02:21 PM
 
Location: Prescott AZ
6,119 posts, read 9,071,114 times
Reputation: 11540
Got mine yesterday. A whopping $19 more for me each month. Whoopee !!!
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Old 12-11-2018, 03:53 PM
 
Location: Verde Valley AZ
8,611 posts, read 9,674,534 times
Reputation: 10948
Quote:
Originally Posted by arwenmark View Post
the increase between husband and me should almost cover the Mortgage payment 154.

My mortgage payment went down $27 and I'll take that too. So between that, and my SS, I guess I've 'gained' $47?? I'll take every dollar I can get. lol The 'good news' is that my renter now covers the entire mortgage payment. Just have to KEEP her!
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Old 12-11-2018, 08:08 PM
 
4,716 posts, read 10,309,443 times
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I believe highest is $44,376 as of this year at 70. So yeah a married couple both at max would be $88,752.

Wouldnít that be nice!



Quote:
Originally Posted by NewbieHere View Post
I would say, hypothetical today, 2 max SS checks at age 70 is $88K and above. So Iím sure thereís somebody out there.
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Old 12-11-2018, 09:42 PM
 
628 posts, read 402,322 times
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I, for one, am super stoked about this increase. Because we now produce much of our food, have unlimited free firewood, and various other reasons, we expect our expenses to drop this coming year.

And yes, we are already "spending" the increase before we receive it. One third is going into savings, one third is going to help others, and one third is going to enable us to have lunch at the little cafe in town once a month. I am also receiving a raise on my late husbands' pension, and that is ALL going for travel!!!
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Old 12-11-2018, 11:35 PM
 
Location: RVA
2,164 posts, read 1,264,598 times
Reputation: 4451
Wife got hers about 2 weeks ago. About a $40/mo increase.

The real insult to Athenas $200/mo lower SS thanks to IRMAA, is that it is her first full year paying at the single rate, with MAGI between 133,500 & $160k. The tax increaee will dwarf the IRMAA charge. So besides getting to pay more for Medicare, while having paid more into it her whole career, she now gets to also pay a higher percentage of income in taxes. That is one reason why so many strongly recommend Roth conversions if married. The survivor sees no change in tax status (zero), on income from their Roth, earned or IRA income. In a perfect income scenario, all ones income would be Roth and SS, totally tax free. Of course, if a large pension is involved, causing ones high SS to be taxed at 85%, then IRMAA is guaranteed for a single person. But even getting MAGI below $133,500, saves over $80/mo. If my wife predeceases me, and the IRMAA limits don’t change, I will be in that boat, too. Income testing is alive and well.

Last edited by Perryinva; 12-12-2018 at 12:04 AM..
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Old 12-12-2018, 01:29 AM
 
71,469 posts, read 71,652,652 times
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it sure is . two years ago we got hit with the max premium . for a couple it was an EXTRA 7200 a year .

an asset sale in 2014 before we retired and not on medicare yet , triggered it in 2016 when we were .

no one realizes medicare just for part B cost 11k per person . you can pay up to 80% of that . part A we pay in for our entire lives and is free .

medicare at the 134 rate is a steal
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Old 12-12-2018, 08:47 AM
 
8,182 posts, read 11,902,987 times
Reputation: 17934
Quote:
Originally Posted by Perryinva View Post
Wife got hers about 2 weeks ago. About a $40/mo increase.

The real insult to Athenas $200/mo lower SS thanks to IRMAA, is that it is her first full year paying at the single rate, with MAGI between 133,500 & $160k. The tax increaee will dwarf the IRMAA charge. So besides getting to pay more for Medicare, while having paid more into it her whole career, she now gets to also pay a higher percentage of income in taxes. That is one reason why so many strongly recommend Roth conversions if married. The survivor sees no change in tax status (zero), on income from their Roth, earned or IRA income. In a perfect income scenario, all ones income would be Roth and SS, totally tax free. Of course, if a large pension is involved, causing ones high SS to be taxed at 85%, then IRMAA is guaranteed for a single person. But even getting MAGI below $133,500, saves over $80/mo. If my wife predeceases me, and the IRMAA limits donít change, I will be in that boat, too. Income testing is alive and well.
No, she didn't pay a penny into it during her career. The 1.45% Medicare tax she paid while working was for her Medicare Part A coverage, which as you know, is completely free in retirement.
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Old 12-12-2018, 08:55 AM
 
2,068 posts, read 703,003 times
Reputation: 5311
Quote:
Originally Posted by MadManofBethesda View Post
No, she didn't pay a penny into it during her career. The 1.45% Medicare tax she paid while working was for her Medicare Part A coverage, which as you know, is completely free in retirement.
Well, yes, but I paid far more for Medicare A in retirement than average- for the same coverage. And now the IRMAA premiums are being charged to keep Medicare solvent.

You're welcome.
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Old 12-12-2018, 09:09 AM
 
Location: SoCal
13,191 posts, read 6,308,074 times
Reputation: 9808
Quote:
Originally Posted by Perryinva View Post
Wife got hers about 2 weeks ago. About a $40/mo increase.

The real insult to Athenas $200/mo lower SS thanks to IRMAA, is that it is her first full year paying at the single rate, with MAGI between 133,500 & $160k. The tax increaee will dwarf the IRMAA charge. So besides getting to pay more for Medicare, while having paid more into it her whole career, she now gets to also pay a higher percentage of income in taxes. That is one reason why so many strongly recommend Roth conversions if married. The survivor sees no change in tax status (zero), on income from their Roth, earned or IRA income. In a perfect income scenario, all ones income would be Roth and SS, totally tax free. Of course, if a large pension is involved, causing ones high SS to be taxed at 85%, then IRMAA is guaranteed for a single person. But even getting MAGI below $133,500, saves over $80/mo. If my wife predeceases me, and the IRMAA limits don’t change, I will be in that boat, too. Income testing is alive and well.
The limit for single is $85K for the lowest premium, it goes up after that.

https://www.medicare.gov/your-medica...s/part-b-costs
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