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BenefitsLink > Q&A Columns >

Stop, Look & Listen: Railroad Retirement Benefits Q&A

Answers are provided by Robert S. Kaufman

New Rates and Limits for 2004

(Posted January 2, 2004)

Question 356: I know the Medicare Part B Premium and the earnings limitations change every year. Can you publish the new ones for 2004?

Answer: The Medicare part B Premium goes from $58.70 a month in 2003 to $66.60 a month in 2004.

The new earnings limitations for 2004 are:

$11,640 for those under the full retirement age.*

$31,080 for the year that the full retirement age* is attained. It only applies for the months before full retirement age is attained.

There is no earnings limit for months after full retirement age* is attained.

*"Full retirement age" is the month of turning age 65, for those born before 1938. For those born in 1938, full retirement age is 65 and 2 months; for those born in 1939, full retirement age is 65 and 4 months.

Important notice:

Answers are provided as general guidance on the subjects covered in the question and are not provided as legal advice to the questioner or to readers. Any legal issues should be reviewed by your legal counsel to apply the law to the particular facts of this and similar situations.

The law in this area changes frequently. Answers are believed to be correct as of the posting dates shown. The completeness or accuracy of a particular answer may be affected by changes in the law (statutes, regulations, rulings, court decisions, etc.) that occur after the date on which a particular Q&A is posted.

Copyright 1997-2017 Robert S. Kaufman
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