COLA increase eaten by Medicare premium
With a great deal of fanfare, the Social Security Administration announced a while back that those receiving Social Security benefits would get a 2% cost of living adjustment starting in 2018. As good as that sounds, many beneficiaries were shocked when they received a notification of a change in their benefit amount and it said that although they were getting an increase their net benefit amount would remain the same. In this article appearing in The News-Item (PA), Russell Gloor explains why many Social Security recipients won’t see any of that 2% COLA increase in 2018. Click here to read more.