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Lower Your Medicare Premiums.
- Article from:
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Kiplinger's Ask Kim Web Column
- Article date:
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March 26, 2008
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Copyright informationCOPYRIGHT 2008 The Kiplinger Washington Editors, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Kimberly Lankford, Kiplinger Washington Editors
You can get your Part B premiums reduced after you retire, and you don't need to wait until 2009.
First, some background: In 2007, Medicare started to base Part B premiums on the beneficiary's income -- with higher-income people paying more. The premiums and income limits rose moderately in 2008.
Now, joint filers who earned $164,000 or less in 2006, or single filers who earned $82,200 or less pay the base rate of $96.40 per month for the year. But everyone earning more pays higher premiums. Joint filers earning up to $204,000, or single filers earning up to $102,000, pay $122.20 per month. The premiums ...
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