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Medicare premiums could jump for new enrollees and higher wage earners

The just announced tiny 0.3% COLA increase for Social Security recipients will mean that higher wage earners and those who will be receiving Social Security for the first time will most likely see a pretty significant increase in the 2017 Medicare premium.  Current recipients are protected by a “hold harmless” provision which says their Medicare premium can’t increase by more than their COLA increase.  But that protection doesn’t exist for those who earn over a certain limit and for those new to Social Security.  This article by Ann Turgesen appeared online in The Wall Street Journal.  Click here to read more.

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