Quote:
Originally Posted by kbace6
We are in the planning stages for some retirement income and watched a financial video on YT that alluded to an increase in the cost of medicare depending on your income.
The question I have for you more seasoned folks is, have any of you been on the edge of income where you paid a particular price for medicare one year and then more the next year due to a spike in your income, and then the cost of medicare went back down again the next year because the spike in your income may have been just a one-time thing?
I'm not talking about the government changing the costs, but rather where your individual situation was the catalyst.
Thank you in advance for your informed answers.
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I pay the same income-based percentage for Medicare that I paid when I was working. A benefit of my workplace before I retired is supplemental Blue Cross insurance for $114 a month for the rest of my life. I also pay several hundred a year for vision and dental insurance. Last year I needed two major surgeries, for which I was billed about $140,000. My supplemental insurance and Medicare paid about 10% of that. I paid under $300 total. I’m VERY happy.