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Dig deeper for Medicare premiums

by on
in Small Business Tax

Some retirees are facing an increase in their Medicare Part B premiums in 2010. The basic monthly Part B premium remains at $96.40, but it increases to $110.50 if you sign up this year.

Also, certain high-income individuals must pay more than they did last year, based on their 2008 modified adjusted gross income (MAGI). See chart below.

MAGI for singles
in 2008
MAGI for couples
in 2008
Monthly premium
in 2010
Above $214,000
Above $428,000

Tip: For more information, visit www.socialsecurity.gov/pubs/10161.html.

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