Your high-income clients age 65 and up pay a federal income tax that doesn’t impact younger or less affluent people.
It’s the difference between their income-related Medicare Part B premiums and the basic premium.
For example: For a couple earning $175,000 per year, the income-related Part B premium in 2015 is $146.90 per person per month vs. $104.90 for the basic premium.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
