Skip to comments.Social Security Medicare Deduction
Posted on 09/23/2011 12:09:21 PM PDT by LowNslow
Keep getting e-mail inquiries from friends about Medicare future cost.
The following comments about monthly deductions from Social Security payments for Medicare have been received by E-mail lately. Not able to find out if they are accurate from SSA, $120 or $247 are a big deal for Social Security only retirement. Would like to know the answer before Nov 2012. I thought AARP was watching out for us old folks.
$ 96.40 in 2011 rising to:
$104.20 in 2012 [$ 7.80 increase]; $120.20 in 2013 [$ 16.00 increase];
$247.00 in 2014 [$126.80 increase].
These are provisions incorporated in the Obamacare legislation, purposely delayed so as not to 'confuse' the 2012 re-election campaigns.
And there is discussion one the cost to the government on the ‘cost of living” rises
snopes says false and it’s 117 in 2014
You trust AARP???
I do this for a living, I sell Medicare Supplement and Medicare Advantage plans.
Go to Medicare.gov for starters.
Also, not everyone pays the same. Medicare is MEANS TESTED now, and if you make more you pay more.
Also, it depends on the DATE your Medicare Part B started.
Below are links to two PDF files where you’ll find more information on the brief information you included above.
Within the first PDF file, search the words:
“Total Medicare spending is expected to rise”
and you’ll see the numbers you posted above.
The following link goes to a 245 page document. Within the PDF file, you can use the index on the far left to pinpoint more detailed information.
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