Login to "my Social Security" account, or create one if you do not have one already. You should have a letter there that explains "Your 2023 Social Security Benefits Increase and Medicare Premiums."My Medicare has been $192.80 per month.Now it shows that it will be $428.60! Am I reading this wrong???
Not sure how the $192.80 previous rate came about, unless you had the standard part b deduction AND possibly Part D, being withheld.My Medicare has been $192.80 per month.Now it shows that it will be $428.60! Am I reading this wrong???
Not so dumb.I had no idea it would affect our Medicare premiums-how dumb am I?
I would guess it would, though of course, that's just my guess.Hope it drops back down next year....
We too sold a property in 2021.My husband`s changed to the same amount as well-although his was a little less than mine before now.That is possibly because his Part D is a little less than mine.
And yes,I thought Medicare was supposed to be going down for 2023 as well,so I was shocked! Will have to look into it further....
B increase to $330/p (standard B is $165) total with IRMAA adjustment.We too sold a property in 2021.
We set aside a good portion for taxes paid in 2022, the April quarterly, then when we finally got the 1040 from the CPA, an additional amount for the tax and a penalty for a late payment (gave the CPA everything in late February.) Still have about $15k in savings to pay for 2023's IRMMA.
B increase to $330/p (standard B is $165) total with IRMAA adjustment.
D increased to $32/p. I will take the better B coverage at $58 because I may be taking more expensive drugs.
The set aside money from the property sale, will be adequate.