Mr. Wong is a single individual. He has had a successful business career and is now able to retire with a comfortable income. Mr
. Wong’s taxable income is in excess of $100,000. Mr. Wong has health coverage through his employer but will sign-up Medicare Part A, Part B and Part D when he leaves the workforce. How would you advise him as he budgets for Medicare premiums?
From the question, we are given the information that Mr. Wong’s taxable income is in excess of $100,000.snd that he has a health coverage through his employer but will sign-up Medicare Part A, Part B and Part D when he leaves the workforce.
It should be noted that due to the fact that he's participating in the workforce, then he doesn't have to spend a penny for the medicare part A as he won't pay. On the other hand, he'll pay high premiums for both part A and D due to the fact that he earns a large income.
