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Health Insurance Costs and the Social Security COLA…Some Thoughts

In a post on kernvalleysun.com, licensed insurance broker Harry P. Thal, MA offers commentary on how Social Security’s annual cost-of-living adjustment (COLA) is calculated and the relationship between this COLA and the premium payments beneficiaries need to absord for Medicare coverage. His remarks also introduce the Income-Related Monthly Adjustment Amount (IRMAA) provision in the Social Security/Medicare relationship, along with comments on Part D premium payments. Check out his post here…

 

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