What Is A Medicare Levy?

  1. 11498 POINTS
    Jason Goldenzweig
    Co-Founder, TermInsuranceBrokers.com, Goldenzweig Financial Group, Las Vegas, Nevada
    If you are a senior with a high income (above $85,000 for those filing their tax return as single, above $170,000 for those married filing jointly), you will pay a surcharge in addition to your standard Medicare Part B premium ($104.90 in 2014). The penalty you pay varies depending on your modified adjusted gross income (MAGI) from two years prior.
    Answered on April 19, 2014
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