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Will you lose all your COLA increase to Medicare? - Yahoo!Finance
On October 24th, the Social Security Administration announced a 2.8 percent cost-of-living adjustment. This announcement means that, on average, the monthly Social Security benefit will increase by $56. However, many people are awaiting the announcement of the Medicare Part B premium. Due to the government shutdown, the announcement of the Medicare Part B premium increase has been postponed. However, that has not stopped experts from projecting an 11.5 percent increase, as stated in the 2025 Medicare Trustees report. So, what does that mean for seniors? David Beren, writing for Yahoo! Finance, explains how millions of seniors could lose out or see very little of the Social Security COLA increase. Read Mr. Beren’s article here…
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