At FRA my wife filled for SS, at my FRA I filled for spousal benefits with the intent to file on my record at 70. I am having my medicare payments taken from my SS payment and have been protected from medicare increases due to the hold harmless clause. Will my medicare payment be recalculated when I reach 70 and sign up on my own record? My Part B medicare payment is currently $116 and I would like to continue to take advantage of the hold harmless clause.

Thank you for the wonderful guidance you provide on this important set of retirement topics.

Hi,

Yes, and assuming that your own retirement benefit rate will be at least $18 or so higher than your spousal rate, it sounds like you will likely end up paying the full standard Part B rate at that time. The current standard Part B Medicare premium rate is $134.

Best, Jerry