A COLA Increase Is Likely, But What Will the Net Be?
Recent 2018 Social Security cost-of-living adjustment (COLA) projections for seniors point toward something in the 2% range. That’s the good news. As so often is the case in life, though, there’s also a bad news aspect to the story, and that’s the projected rise in Medicare Part B premiums expected to go into effect at the same time, producing a net benefit to seniors pretty close to zero. of Kaiser Health News provides an analysis of the growth in Medicare assessments expected for 2018, along with a review of the “hold harmless” provision that has shielded seniors for the past several years. Read her khn.org post here…