Tag: medicare premium
The Social Security Administration recently announced that, in 2017, beneficiaries will receive a cost-of-living adjustment of 0.3 percent. But about 70 percent of beneficiaries will not see any increase in their Social Security benefits because every dollar of the increase will go to pay for higher Medicare premiums. What will happen to the other 30…
The brief’s key findings are: In 2016, for only the third time in 40 years, Social Security beneficiaries are not expected to receive a cost-of-living adjustment (COLA). No COLA means that Medicare Part B premiums cannot increase for most beneficiaries, so a minority has to bear the full burden of rising costs. Beyond this immediat…