Kripalu Wins Lever Berkshire Intrapreneur Challenge

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NORTH ADAMS, Mass. — Kripalu won Lever's 2021 Berkshire Intrapreneur Challenge and $25,000 on Thursday, Sept. 23, the first event of the Lever Innovation Summit, which continues Friday, Sept. 24. 
 
A panel of judges declared Kripalu the winner for its plan to bring its sourdough bread and other baked goods to local and regional markets, with proceeds being used to bring yoga to underserved communities.
 
Other finalists competing in the Challenge were Kripalu, Wellness Concepts, JM Spartan, and The Chamberlain Group. The Challenge was emceed by Gregory Thomas, Executive Director & Lecturer at UMASS Amherst's Berthiaume Center for Entrepreneurship Management. 
 
"The Intrapreneur Challenge is a great showcase of how established companies can continue to innovate," said Lever Executive Director Jeffrey Thomas. "It's also more proof that the Berkshires are ripe for innovation. In addition to the entrepreneurship that happens here, businesses with deep roots are ready to launch new ideas that will ultimately create jobs in the region."
 
Lever's two-day Innovation Summit features intrapreneurs who "innovate from within" mature companies, a discussion of rural innovation, and presentations from leaders who are innovating for inclusion. Other events at the Summit include keynotes by Carolyn Kirk, Executive Director of Mass Tech Collaborative and Kenn Turner, CEO of the Massachusetts Life Sciences Center. 

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Can you reduce the Medicare surcharge?

Submitted by Edward Jones
Before you turn 65, you'll want to become familiar with Medicare's rules and features. And if you're a high earner, you'll want to be especially aware of the Medicare premium surcharge — because, over time, it can add up to some significant dollars.
 
The premium surcharge — known as the income related monthly adjustment amount, or IRMAA — is assessed on premiums for Medicare Parts B and D, and generally is based on an individual's modified adjusted gross income (MAGI) of two years ago. So, the IRMAA for 2023 would be based on one's MAGI from 2021.
 
For someone who's married and files taxes jointly, and whose MAGI for 2021 was $194,000 or less, the Part B premium for 2023 will be $164.90 per month, and the Part D premium will be whatever amount is charged by their Medicare plan. But if their 2021 MAGI was between $194,000 and $246,000, they'll pay $230.80 (a surcharge of $65.90) for Part B and an additional $12.20 for Part D. And the IRMAA rises at different income levels, reaching a maximum of $560.50 (a surcharge of $395.60) for Part B and an additional $76.40 for Part D for a MAGI of $750,000 or more.
 
If you're unprepared for the IRMAA, it can be an unpleasant surprise. So, if you've still got a few years until you enroll in Medicare, you may want to look for ways to control your MAGI and possibly limit the surcharge.
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