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Working Past 65: Higher Earnings Could Raise Medicare Premiums
Original: 55% of Working Boomers Expect to Retire at 70 or Later. At 66, Her Higher-Paying Job Could Add $1,736 to Her Medicare Premiums
A survey finding shows 55% of working baby boomers expect to retire at 70 or later. One example highlights an income-related catch: a 66-year-old who keeps a higher-paying job could see her Medicare Part B premiums rise by about $1,736 a year, because Medicare premiums are means-tested. Commenters are weighing whether working longer still pays off once healthcare costs are factored in.
Why now: Many boomers are delaying retirement and are surprised to learn that higher income at 66 can push up Medicare premiums through the income-related monthly adjustment amount.
baby boomersMedicare24/7 Wall St.
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- 55% of Working Boomers Expect to Retire at 70 or Later. At 66, Her Higher-Paying Job Could Add $1,736 to Her Medicare Premiums · 24/7 Wall St.
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