insurance, health

Higher Income Can Raise Your Medicare Premiums, with a Time Lag

Most retirees know that a rising income also raises the amount of one’s Social Security benefits that are counted as taxable income – as much as 85% of one’s benefits can be subject to income tax. But at even higher incomes, Uncle Sam takes another bite from Social Security.

Working Past 65? You Still May Need to Enroll in Medicare

If you are 65 or older and work­ing for an employer who provides health insurance, it still may be im­portant for you to sign up for Medi­care. Medicare rules require enroll­ment for those over 65 who are not covered by an employer’s health plan that covers at least 20 employ­ees.

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