Tag: Medicare
Most retirees didn’t notice the $5 cost-of-living increase in the average Social Security check. That’s because the Part B Medicare premium deducted from their checks went up nearly as much (from $104.90 in 2016 to an average $109 this year). Beyond premium hikes, the bigger issue for retirees are the additional out-of-pocket costs they must pay…
A 2014 report from the Consumer Financial Protection Bureau (CFPB) said that the largest category of financial complaints by seniors was debt collection, with nearly half of their complaints involving “continued attempts to collect debt not owed.” The CFPB just followed up with a missive directed at some 7 million older Americans enrolled in t…
