Medicare is more expensive for higher earners
If you sign up for traditional Medicare but your income exceeds a specific threshold, you’ll have to take more money out of your pocket for Parts B and D. The income limits have yet to be made public but if we were to make an estimation based on 2020 values, premiums are higher for people with adjusted gross income (including tax-exempt interest) above $88,000 if you are single or $176,000 if married filing jointly.
The additional cost is calculated based on the AGI from two years earlier. That being said, depending on their income in 2019, higher incomers pay $207.90 to $504.90 per month for Part B, in 2021, in addition to a surcharge for Part D coverage, from $12.30 to $77.10, apart from the standard premiums.
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