youbet
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Perhaps a tad off topic but I thought that Medicare could never exceed SS. Or is it just Medicare increases will never exceed the annual Cola of SS?
You can refer to the SS web site for details, but, yes, your Part B Medicare premium can exceed your SS payment. For example, if your Part B premium is $106 and your monthly SS is $56, they take all of your SS and send you a bill for $50 every month. Speaking from personal experience here....
We're thankful to have access to Medicare but it's far more expensive for us than the subsidized HI we had during our working years and while our employers were providing subsidized retiree HI (pre 65). Fortunately, we did our homework and understood this before pulling the switch at 55 and 58 yo so it wasn't an unplanned surprise.
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