politics Archives - Frits Dang

2025 IRMAA Brackets: Medicare Costs2025 IRMAA Brackets: Medicare Costs

June 25, 2024 Magdalena 0 Comments 12:00 am

With more and more people receiving irmaa Letters from Social Security the question that is starting to arise is where will the 2025 IRMAA Brackets be?

With any luck and an absence of Congress they will hopefully be much higher than where they are today.

What is IRMAA?

IRMAA is short for Medicare’s Income Related Monthly Adjustment Amount. It is a surcharge on top a Medicare beneficiaries Part B and Part D medicare prescription, if they are earning too much taxable income.

Simply put, IRMAA is a tax on income through Medicare.

What are IRMAA Brackets?

According to Social Security.gov IRMAA brackets are “a set of statutory percentage-based tables used to adjust Medicare Part B and Part D prescription drug coverage premiums.

“The higher the beneficiary’s Range of modified adjusted gross income (MAGI), the higher the IRMAA. There are three sets of tables”.

These brackets “use the beneficiary’s tax status when using the table”. The tax status is broken into:

Single, head–of–household, or qualifying widow(er) with dependent child tax filing status.
Married filing jointly.
Married filing separately.

The 2023 IRMAA Brackets are:

2023 IRMAA Brackets
Individual’s MAGI	Part B Premium	Part D Premium
< $97, 000	$164.90	Premium (varies)
$97, 000 to $123, 000	$230.80	$12.20
$123, 000 to $153, 000	$329.70	$31.50
$153, 000 to $183, 000	$428.60	$50.70
$183, 000 to $500, 000	$527.50	$70.00
> $500, 000	$560.50	$76.40

Couple’s MAGI	Part B Premium	Part D Premium
< $194, 000	$164.90	Premium (varies)
$194, 000 to $246, 000	$230.80	$12.20
$246, 000 to $306, 000	$329.70	$31.50
$306, 000 to $366, 000	$428.60	$50.70
$366, 000 to $750, 000	$527.50	$70.00
> $750, 000	$560.50	$76.40

Married filing separately	Part B Premium	Part D Premium
< $194, 000	$164.90	Premium (varies)
$97, 000 to $403, 000	$527.50	$70.00
> $403, 000	$560.50	$76.40

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Do IRMAA Brackets change?

Yes, the IRMAA Brackets should change annually if there is inflation.

According to legislation Congress passed in the 2003 Medicare Modernization Act (MMA) the IRMAA Brackets must adjust annually based on inflation.

The reason why the IRMAA Brackets should change is that in 2010 with the passing of the Affordable Care Act the IRMAA Brackets were legislated to NOT change until 2028.

Starting in 2010 the IRMAA Brackets did not adjust at all regardless of what inflation was doing. By 2018 with the passing of the Bi-Partisan Budget Act (BBP 2018) not only did the IRMAA Brackets start to adjust again but the 5^th IRMAA Threshold was created.

Since the passing of the BBPA in 2018 the IRMAA Thresholds have adjusted each year based on inflation.

Navigating the Social Security Earnings LimitNavigating the Social Security Earnings Limit

June 12, 2024 Magdalena 0 Comments 12:00 am

Imagine, you’ve just clocked in your last hour at work. You’re ready to leave the working life behind and savor the rewards of your efforts. But then, there’s a sudden shift – whispers about the Social security earnings limit 2023.

You think, “I’ve worked my whole life for this moment! I deserve every penny.” Well… that’s where things get interesting.

Navigating retirement isn’t as simple as kicking back on a beach somewhere. It’s like stepping into an intricate dance with Uncle Sam – one wrong move and you could be leaving money on the table.

This post is your dance guide; helping ensure each step towards maximizing your Social Security benefits is right in rhythm with the rules set by our friends over at SSA (Social Security Administration).

Are you ready? Let’s delve into understanding how these limits impact retirees and explore various strategies.

Understanding the Social Security Earnings Limit 2023

If you’re eyeing retirement in 2023, knowing your Social Security earnings limit is key. This limit, set by the Social Security Administration, dictates how much income you can earn without impacting your social security benefits.

The annual earnings limit for individuals not yet at full retirement age is $21,240. That means if you haven’t reached that magic age but still want to work part-time or even full-time while receiving social security, keep an eye on those paychecks. For every $2 earned above this amount, expect a reduction of $1 from your benefit payment.

But what about folks reaching their golden years? They get a bit more wiggle room. The earning ceiling increases to $56,520 in the year they reach full retirement age and deductions occur only after surpassing this threshold – with one dollar deducted for each three dollars earned over it until hitting that all-important birthday.

To better understand these reductions and plan ahead financially, check out this helpful guide provided by SSA detailing how work affects benefits.

Deductions Don’t Spell Doom.

You might be thinking: “Wait up. Does exceeding my yearly earnings limit mean I’m kissing goodbye to my hard-earned bucks?” Not necessarily so. It’s important to note that any deduction made due to excess earnings isn’t lost forever. Once you hit full retirement age (FRA), there’s good news as no matter how high your annual income may climb – skies are truly limitless here – it will no longer reduce those precious monthly payments.

A Silver Lining

Furthermore, if you have been working while receiving social security benefits and your latest year of earnings turns out to be one of your highest years, there’s a silver lining. The Social Security Administration will recalculate and potentially increase your retirement benefits.

retirement. Getting to grips with the Social Security Earnings Limit for 2023 might feel like a bit of a maze, but it’s just one more step on your journey towards smooth and stress-free retirement days.

What are normally the most usual pests in the UK?What are normally the most usual pests in the UK?

February 17, 2024 Magdalena 0 Comments 12:00 am

Are you wondering “What are the most prevalent pests in the UK?” If so, this post is for you. As one of the reputable pest control companies in Doncaster, we have dealt with many different pests over the years, ranging from rats and cockroaches to bed bugs and birds. Various pests can create more harm and aggravation than others, but it’s always best to act as swiftly as you can if you do encounter a problem with a pest that could worsen. Keep reading to discover which are the most common pests in residential properties across the UK. For help get in touch with pest control doncaster

Wasp Control

Wasps tend to turn up during the late summer and early autumn months. They can cause a problem due to the way they can get so close to us and often target our food and drink, especially if it is sugary. They can also sting us if they feel they are under threat. Places where wasps build their nests include trees, lofts, the edges of roofs, sheds and garage areas. Call us pest control

Ants

Many people have had issues with ant infestations in the UK. Ants often invade homes and kitchens in search of food and can be very hard to get rid of without outside assistance.

Mice and rats

Mice and rats can cause difficulties throughout the year, unlike some other pests. They tend to frequent both urban and rural areas and look for shelter and food in and around buildings. Not only can they cause damage to residential properties but they can also present a threat to human health.

Flies

Flies can be very problematic, specifically during the hotter times of the year. Good examples of flies that often cause issues in UK homes include house flies, cluster flies and house flies. Several flies can spread illness as well as being an annoyance.

Moths

Moths can create significant damage to stored food, textiles and clothes. You may be specifically eager to get over a difficulty with moths if you have valuable textiles or well-stocked cupboards.

Cockroaches

Cockroaches may not be as prevalent as some of the other pests on this checklist, but they can carry diseases and be very challenging to eliminate from homes without external support.

Bedbugs

Bedbugs can cause problems in both domestic and industrial settings like hotels and resorts. They are tiny insects which feed on the blood of individuals and can cause itchy red welts all over the body. Female bedbugs can lay five hundred egg cells in their lives.

For any help on annoying pests call Topline Pest Control

Introducing IONIC Electronic Lock: Enhancing Security and ConvenienceIntroducing IONIC Electronic Lock: Enhancing Security and Convenience

July 14, 2023 Magdalena 0 Comments 12:00 am

In an era driven by technology and innovation, traditional locks are being replaced with advanced electronic security systems. Among these cutting-edge solutions is the IONIC Electronic Door Lock, a revolutionary device designed to provide enhanced security and convenience for homes, offices, and other access-controlled environments. By combining state-of-the-art technology with user-friendly features, the IONIC Electronic Lock is transforming the way we protect our spaces. In this article, we will explore the benefits of this innovative lock system.

Advanced Security Features:

Biometric Authentication: The IONIC Electronic Lock utilizes biometric technology, such as fingerprint recognition, to ensure that only authorized individuals can gain access. This eliminates the need for keys or passwords, minimizing the risk of unauthorized entry.
Multi-Factor Authentication: In addition to biometrics, the lock supports multiple authentication methods, including PIN codes, proximity cards, or even smartphone apps, offering an extra layer of security to suit various user preferences.
Tamper Detection: The lock is equipped with sensors that can detect and alert users of any tampering attempts, providing an added level of protection against intrusion.

Seamless Integration and Control:

Smart Home Integration: The IONIC Electronic Lock seamlessly integrates with smart home systems, allowing users to control and monitor their locks remotely. Integration with platforms like Amazon Alexa or Google Assistant enables voice-activated locking and unlocking functionality.
Mobile App Control: The dedicated mobile app allows users to manage access permissions, view access logs, and receive real-time notifications about lock activities, enhancing convenience and control over who can enter their space.

Keyless Convenience:

No More Lost Keys: With the IONIC Electronic Lock, the hassle of lost or misplaced keys becomes a thing of the past. Users can simply rely on their biometric data, PIN codes, or proximity cards to unlock doors effortlessly.
Remote Access Management: The lock’s mobile app empowers users to grant temporary access to visitors or service providers remotely, without the need for physical keys or being physically present at the premises.
Auto-Lock and Unlock: The IONIC Electronic Lock can be programmed to automatically lock the door after a specified time or unlock when the authorized user approaches, offering hands-free convenience.

Enhanced Monitoring and Accountability:

Access Logs and Alerts: The lock system maintains a detailed log of all access attempts, including successful and failed attempts. Users can review these logs to track entry events, ensuring accountability and enhancing security.
Real-time Notifications: Instant notifications are sent to users’ smartphones whenever the lock is engaged or disengaged, providing peace of mind and keeping them informed about any potential security breaches.

Easy Installation and Retrofitting:

Compatibility and Adaptability: The IONIC Electronic Lock is designed to fit a wide Range of doors, making it suitable for new installations or retrofitting on existing doors. It can be easily installed without significant modifications to the door or surrounding structure.
User-Friendly Setup: The lock system features a straightforward installation process, allowing users to set up and configure the lock quickly. Clear instructions and intuitive user interfaces ensure a hassle-free experience.

For more information -

The IONIC Electronic Lock Offers a comprehensive solution for enhanced security and convenience. With its advanced security features, seamless integration with smart home systems, keyless convenience, and robust monitoring capabilities, this innovative lock system is revolutionizing access control. By embracing the IONIC Electronic Lock, users can experience heightened security, simplified access management, and peace of mind in today’s digital age.

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