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Posted by Thumper on August 10, 2007, 4:10 pm
On Fri, 10 Aug 2007 11:33:20 -0500, joetaxpayer
>
>
>Dave Dodson wrote:
>>
>>>A financial columist (Brurns) got letters from new Medicare recipients
>>>many were being charged the medicare monthly surcharge which
>>>is $161 in 2007 (increases to $384 by 2009) automatically
>>>subtracted from your social security check. Apparently the SSA
>>>defaults your income at age 63 to determine your medicare premium,
>>>when you may or may not have retired yet.
>>>
>>>http://www.ssa.gov/pubs/10162.html
>>
>>
>> I'm not sure what you are whining about.
>>
>> They use your income on the last federal income tax return available
>> from the IRS. You can supply a later one if it is to your advantage.
>
>I didn't hear whining, what I heard was that my old people need to
>proactively supply numbers to the SSA each year. One more thing to add
>to the list of actions I visit each year. For many of these people who
>have no knowledgable planner, they may miss this altogether, and pay
>more than they need to. (Like the 'donate some of your IRA RMD in
>06/07', which would have gone overlooked for those who would benefit)
>JOE
Do they have to do this every year or only when first enrolling in
part B?
Thumper
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