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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Only about 7 percent of Medicare beneficiaries pay those higher premiums. So you are (at least) in the richest 7 percent. Enjoy your financially secure retirement!

https://www.medicareresources.org/medicare-eligibility-and-enrollment/what-is-the-income-related-monthly-adjusted-amount-irmaa/#:~:text=Most%20Medicare%20beneficiaries%20do%20not,Part%20D%20prescription%20drug%20coverage.[/quote]

I think the IRMAA is ridiculous considering that higher income earners contribute a very disproportionate share of total revenue during their working years. They already paid more into Medicare when they were working then they are charged more for it once they retire. It is a punitive and poorly designed tax for high income earners, that creates a situation where the marginal tax rate can exceed 100% if you are slightly above an income threshold. [/quote]

Yes, it is just another tax on the wealthy and very unfair. We already paid our fair share. Infuriating.[/quote]

Yup!  We have paid so much into Medicare, to have to pay $600/person+ for part B is ridiculous[/quote]

What you paid in to Medicare from your wages over the last 40 years is Medicare Part A Hospital Insurance. That's why Part A is free.

Medicare Part B isn't free and you will have to spend 25% to 100% of the full cost of the insurance, depending on your income.

Most retiree health insurance provided by employers require that you enroll in Medicare A and B to keep your retiree coverage. That means the retiree coverage turns in to supplemental health insurance and is the secondary payer after Medicare. The only exception I can think of is the Federal Employee Health Benefits program which doesn't require retirees to enroll in Medicare A or B to keep their health insurance coverage. This is because the FEHB Program became law in 1960, which was five years before Medicare was created.

[/quote]

Having paid well over $800K into medicare (and employer doing the same) in our lifetimes, it's still ridiculous that we have to pay $1500+ per month for the rest of Medicare.  For crappy coverage.  We need universal healthcare and costs to be reduced, as healthcare shouldn't be for profit at the levels it is in the USA.  I shouldn't be charged $1750 for "bloodwork" that my insurance only pays $150 for.  Everyone should be billed $150 for that.  Same for all procedures.

[/quote]

Sorry, you have paid $800,000 into Medicare? Good lord, that means you've earned somewhere around $50 million in your lifetime. Assuming a 40 year working career, that's over a million dollars a year. I'm sorry, but this complaint is truly strange. You have had an utterly charmed life career-wise. Pay into Medicare what you can easily afford. People with the kind of wealth that you have must realize that a stable society around you, including care for the elderly, is in everyone's best interests.

Between my husband and me, we've earned $4.7 million in our lifetime (we're early 50s) and I feel extremely wealthy.

You need an attitude adjustment and some gratitude.[/quote]

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