Latest News
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.
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.