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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.

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