Medicare Costs to Increase for Wealthier Beneficiaries
From NYTimes.com:
Higher-income people will have to pay higher Medicare premiums than other beneficiaries next year, as the government takes a small but significant step to help the financially ailing program remain viable over the long term.
The surcharge is a major departure from the traditional arrangement under which seniors have generally paid the same premium.
It is expected to affect one million to two million beneficiaries: individuals with incomes exceeding $80,000 and married couples with more than $160,000 of income.
The surcharge was established under a little-noticed provision of the 2003 law that added a prescription drug benefit to Medicare.
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