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You could unwittingly triple your Medicare premiums — here’s what to watch for

·4 min read
You could unwittingly triple your Medicare premiums — here’s what to watch for

Medicare – health insurance that kicks in at 65 — is not free. You can unwittingly send your Medicare Part B premium – the part that covers certain doctors, outpatient care and preventive care — sky-high by poorly planning your income beginning at age 63. Medicare part B premiums are determined by the income you had two years ago, so your 2019 income determines your 2021 premiums, and your income this year will determine premiums in 2023.