How Your Income Affects Your Medicare Premium

[@lesliefranklin1870]

It seems like these videos just cover general things and when we sign up, we could easily encounter big, unexpected expenses. Who is a trusted person we can talk to about our specific circumstances, *before* we make decisions on how to sign up? Thanks.

[@es-er9qy]

This video is useless without the actual income levels changing the premium

[@Mike7734-r2g]

Yeah, so I work my whole life paying way more in taxes than most people, way more in SS and Medicare, and still in retirement I pay triple in Medicare than all the people who didn’t prepare as well as I did. Time to end taxes on folks over 65. I deserve some years of not getting jacked around by the government.

[@dalan81]

Why don't you go over the income levels and the impact to premiums? Very misleading title.

[@lespeterson3426]

It'd be helpful to know how much money you can make this year, so it doesn't affect your premium two years down the road… that's what people really need to know! so what I made in 2023 will affect my premium in 2025. How do I know how much that is? Nobody tells anybody or where do you go to find it

[@AARP]

Thanks for reaching out. Here is an article with helpful information about it: spr.ly/6059sxwSF. - Daniela R.

[@laurieking7685]

The government sends out information to your house about the prices.

[@victormuron9562]

You also need to know that if you never use the care insurance and stop it or pass away all that money will not be refunded to you or your estate.

[@Lambchop59]

I was working on an online store I'm 65y and still working full time..I just found out if I was lucky enough to have a successful store and made 170k a year..my medicare payments mo they would double! Would u kindly speak m to this for those of us wanting to make a business AFTER retiring to survive since I lost my saving for help of dying family members

[@TMYPiscesSunandMoonRising5548]

Can you do a Medicare vs Medicaid? I'm not near the age of getting either, but I would like to know a breakdown of the two.

[@AliceNeely-v2w]

If your adjusted gross income exceeds over the amount allowed that will affect you Medicare premium and a long with part B the cost your of Prescription.

[@ConnieBrown-gu6bb]

How long do you have to lay the higher premium after you retire?

[@AARP]

Thank you for your question, @ConnieBrown-gu6bb. As each scenario is different, we recommend you to reach out to the Center for Medicare Services (CMS) at 800-MEDICARE (800-633-4227). - DG.

[@mariablackwell3249]

Also does SS/irs review your account and revise automatically? What if your income changed and the item isn’t listed like divorce or death.? Can’t get an answer . Who reviews ? Is it done every year ?

[@j.jennings7743]

It is reviewed every 2 years.

[@stever3886]

Just like most of these “adds”, they provide more questions than answers. But what more can you say in a couple minutes.

[@floralscene]

Do premiums remain the same or can they be increased if income increases?

[@AARP]

Thank you for your question, @floralscene. The premiums can increase if you are what Social Security considers a “higher-income beneficiary,” you pay more for Medicare Part B, the health-insurance portion of Medicare. Here you can find the full article: spr.ly/6059tplxS - DG.

[@j.jennings7743]

They can be increased if your income increases.

[@laurieking7685]

So unfair,do I get more services for more money…….no!! Everyone should pay the same price for the same product!!!!!!!

[@gophersmith]

You will pay, even if you can't afford to. If your income stays the same, we have no idea what to say.

[@GodsOath_com]

Thanks to the Clinton requirement that if you don't pay in you don't get to withdraw.

[@Johnnynbk]

Where. In the world is... Tricia Sandiego!

[@AARP]

She's right here! Glad you watched.

[@daralynncameron3290]

Wish they had given some specific info.

[@diannebass1051]

If you are living in low poverty levels why are they charging so much with people already in poverty ????

[@dmmchugh3714]

Why does part b look at income from two years ago ? Then if last year's or the current income are less, we as the recipient need to file the amendments. How convoluted ! Just look at the most recent year tax return. Why is Medicare and the entire insurance industry so convoluted and circuitous ?

[@markmencer9244]

Because the government runs it.

[@DianeMarotta]

If my spouse sells property that will count as income for me ? That will affect my Medicare premium yet the sale has nothing to do with me it’s not my income , I feel it should not have an affect on my Medicare Premium.

[@starcatcher3691]

Probably

[@Chris-rg1ox]

I had that happen to me. It’s considered household income. It will only affect that year of income. Then the IRMA will be taken off the following year. I listen to Ed Weir on KZbin. Solid information.

[@DianeMarotta]

@ It caused my Medicare to increase by $200.00 per month !

[@michaeldickerson873]

Question could be summed up using a chart…save all the words and time…but what about monetization….yikes!!!!

[@laurieking7685]

They send you a schedule of costs.

[@Ador828]

Good info but just more corruption!

[@bobc7830]

Useless video without the income levels. I believe the level for 2024 is around $205,000 for married couples. AARP should provide better more accurate videos. Not just click bait.

[@AARP]

Hi @bobc7830. I am sorry about the video, but there are many different link in this post that may be very informative for you. NT