This news is about Medicare, a government health plan for people 65 and older. It explains how much money you make can change how much you pay for Medicare. Your Medicare costs can go up if you take money out of your retirement savings.
- Medicare has four parts (A, B, C, and D).
- Part A is usually free. Parts B and D have monthly costs that depend on your income.
- Taking money from retirement savings can increase your income and thus your Medicare costs.
| Income (Single) | Medicare Part B Cost (2025) |
|---|---|
| Under $106,000 | $185 |
| $106,001 - $133,000 | $259 |
| $133,001 - $167,000 | $370 |
| $167,001 - $200,000 | $480.90 |
| $200,001 - $500,000 | $591.90 |
| Over $500,000 | $628.90 |
