How do you track Medicare Part B premium?

DannyB · September 8

I'm wondering how my fellow Medicare enrollees handle the Part B premium deducted from your monthly Social Security "check"?

We pay my wife's premium monthly via a monthly billing since she is waiting to start receiving her payments and I include her premium as a recurring bill.

Mine is deducted from my monthly benefit payment with no bill presentment and I've been using a Planned Spending category to track mine since it's not paid directly from any of my connected accounts.

UrsulaA · September 8

I did a search and found your prior posts on this topic. Unfortunately, until Simplifi automates the splitting of recurring transactions, you need to continue doing what you outlined below. @Coach Jon @Coach Natalie - thoughts?

Is there any way to attach a split to a recurring bill — Simplifi (simplifimoney.com)

Also, if the idea below gets implemented, it will help track your Medicare part b as part of a recurring transaction.

Using splits (multiple categories) in Recurring Transactions (4 Merged Votes) — Simplifi (simplifimoney.com)

Hope others chime in on how they track Medicare Part B.

SRC54 · September 8

Hi Danny @DannyB,

I just started paying Medicare Part B when my wife retired. I already had a reminder for my SS payment and since Reminders cannot have splits, I have a Health Premiums category in Planned Spending. When Simplifi links my transaction, I split it manually.

Sample Transaction: $1826.00. Social Security: $2000. Health Premiums: $174

I do the same thing with my wife's pension which I split after it comes in between Pension and Federal Tax categories.

How I wish we could have Reminders with Splits.

DannyB · September 8

Yeah… well I’m in that stage of life when I start repeating stories everyone have heard multiple times. My kids have come up with a great way to save everyone a lot of time. They wrote down, collected and collated and indexed and numbered all the stories. Now when I start in, one of them will shout out the number and we all give the appropriate response, a good laugh, groans of varying intensity and or discrete shakes of the head. 🤪🤣

It’s good to see that memorize splits in reminders is under review, seems like a good add to me.

DannyB · September 8

https://community.simplifimoney.com/discussion/comment/40612#Comment_40612

That's how I've been handling it since I started paying last year. My wife will start here SSA benefit September 2025 and then I'll track hers the same way, unless the QS team has added splits to reminders by then.

SRC54 · September 8

@DannyB, I will do the same for my wife in June 2025 if she decides to go ahead and take SS. We really need splits in recurring transactions and the ability to turn a reminder into a transaction (especially for manual accounts).

I appreciate your letting me know you do it the same way b/c I think often I am the only one that splits paychecks. It really has been my main complaint with Simplifi from the beginning. It's easier now that I don't have a paycheck any longer with 6 splits!

How do you track Medicare Part B premium?

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