Tag: medicare premium

Woodlawn,,Md,-,May,4:,Sign,Outside,Social,Security,Administration

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…

elderly man inserting credit card to ATM

Introduction It is crucial that today’s workers save for retirement for two reasons. First, Social Security replacement rates will decline due to increases in the Normal Retirement Age, rising premiums for Medicare, more personal income taxation, and potential adjustments to restore financial balance to the system. Second, accumulations in 401(k) plans may well be muc…