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EP 16: Why Are My Medicare Premiums So High!

Jan 1, 2023

Medicare is the primary health insurance for most retired Americans, and given how expensive private health insurance has become, many individuals approaching retirement often plan their retirement around their eligibility for Medicare coverage. While Medicare can be very affordable for most retirees, individuals with high incomes often receive an unwelcome surprise when they learn that Medicare premiums are adjusted for those with higher incomes. In this episode, we discuss how an individual’s income can impact their Medicare premiums and the best planning strategies to ensure individuals do not pay larger Medicare premiums than necessary. If you are approaching retirement or on Medicare already, we think you’ll enjoy this episode. Thanks for listening! For those who are interested in even more detail about Medicare premium adjustments, check out our blog post covering the same topic at https://pw-wm.com/learn/tax-planning/why-are-my-medicare-premiums-so-high/.

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For those who are interested in even more detail about Medicare premium adjustments, check out our blog post covering the same topic.

About The Podcast Hosts

Steve & Nathan

Steve and Nathan have a passion for teaching others about finances and how to build the financial independence that is achievable with the proper planning. In their roles at Prairiewood Wealth Management, both Nathan and Steve focus on providing comprehensive financial advice to ensure their clients have a coordinated plan that covers all aspects of their finances including their investments, insurance, estate plan, and charitable giving goals.

As Certified Public Accountants (CPAs), both Nathan and Steve believe that one of the most overlooked aspects of financial advice is the tax impacts that result. Accordingly, a core focus of the advice they give centers on integrating tax strategy into the overall financial advising process.

Steve and Nathan are excited to share their knowledge through this podcast as well as their blog with the goal of helping you effectively manage your family’s wealth and ensure you have a comprehensive and coordinated plan for your future.

About Steve & Nathan