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.