and, for those who don't know, every time they "gift" seniors with a cost of living adjustment (COLA), sounds good, but then they just raise medicare premium payments, clawing back all but a few bucks...so the system gives itself more money...will be interesting to see what happens in 2023 cuz have they announced 8% raise in COLA, saying NO medicare increase...hmmm
Of course, this doesn't apply if you make lots of money - they'll just charge you more in the form of "Income-Related Monthly Adjustment Amount" (IRMAA for short).
I recently signed up for Medicare, and thought I had to enroll in Medicare Part B, because they put all sorts of fear language into the "if you don't enroll" text, but I found out that since I have full medical insurance, I don't have to pay that Part B (more than $170/month!) after all. So I informed medicare that I wish to withdraw from the part B, but they make the effective end date the end of the month AFTER the month you request ending it! So I'm having to pay over $340 for the lousy thing!
and, for those who don't know, every time they "gift" seniors with a cost of living adjustment (COLA), sounds good, but then they just raise medicare premium payments, clawing back all but a few bucks...so the system gives itself more money...will be interesting to see what happens in 2023 cuz have they announced 8% raise in COLA, saying NO medicare increase...hmmm
They decreased it from $170.10 to $164.10, a mere 3.5% decrease.
Link: https://www.cms.gov/newsroom/fact-sheets/2023-medicare-parts-b-premiums-and-deductibles-2023-medicare-part-d-income-related-monthly
Of course, this doesn't apply if you make lots of money - they'll just charge you more in the form of "Income-Related Monthly Adjustment Amount" (IRMAA for short).
I recently signed up for Medicare, and thought I had to enroll in Medicare Part B, because they put all sorts of fear language into the "if you don't enroll" text, but I found out that since I have full medical insurance, I don't have to pay that Part B (more than $170/month!) after all. So I informed medicare that I wish to withdraw from the part B, but they make the effective end date the end of the month AFTER the month you request ending it! So I'm having to pay over $340 for the lousy thing!
Plus the idiots tax it.
Why tax it and why tax military pay???