My Big Social Security Increase From Biden.

Parley

Parley

Known around here
Dec 19, 2015
6,425
19,790
Cypress, California
I got a letter from the Social Security Administration yesterday detailing my large payment increase. Reading the top line it says my monthly payout went up $259.10. Wow! More than I expected. Then I read the next line and they have deducted $238.10 for Medicare part B. Say what!!!! Then the next line says they deducted $12.40 for Medicare Part D. Oh no!!!!

So the bottom line is I got an $8 a month increase in my bank account from Social Security. Near as I can tell that is a .47% increase in my pocket. Let's see now, with the Biden inflation running around 5.9% that is about the proverbial drop in the bucket. I did better under the Trump administration with a lot less inflation.
 
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I thought part B was around $148.50 a month, my wife did say it was going up, looks like to $170.10 for next year.

Costs | Medicare

www.medicare.gov www.medicare.gov


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Parley said:
I got a letter from the Social Security Administration yesterday detailing my large payment increase. Reading the top line it says my monthly payout went up $259.10. Wow! More than I expected. Then I read the next line and they have deducted $238.10 for Medicare part B. Say what!!!! Then the next line says they deducted $12.40 for Medicare Part D. Oh no!!!!

So the bottom line is I got an $8 a month increase in my bank account from Social Security. Near as I can tell that is a .47% increase in my pocket. Let's see now, with the Biden inflation running around 5.9% that is about the proverbial drop in the bucket. I did better under the Trump administration with a lot less inflation.
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".. Near as I can tell that is a .47% increase in my pocket .."

IRS will be taxing pockets .. any amounts over 60c will need to be accounted for moving in or out of a pocket ..
 
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So much I need to learn, the wife is starting Medicare next year, cost is based on 2 years prior previous income, if I am reading this right:

Costs | Medicare

www.medicare.gov www.medicare.gov
 
Parley said:
Yep, they look at your tax statements and how much money you made. Then they tax you accordingly for Part B.
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Is this true with Supplements/Advantage Plans?
 
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Arjun said:
Republicans can take back the House in 2022 :D
www.politico.com

Republican wave builds to take back the House

A combination of aggressive redistricting, strong fundraising and a favorable political environment has the GOP excited about its prospects in next year's midterms.
www.politico.com www.politico.com
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That will at least help stop/slow down some of the nonsense. Let's just hope they don't botch things up and lose the house again when we get a Republican in the WH. I have little faith in any politician but Trump. When it comes to Rep's, they're all talk. When it comes to Dem's, they fuck shit up and make it worse than before. With Trump, he did what he said he would do, and did it fast. :headbang:
 
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