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Personalized Letter to be Sent to Social Security Recipients in December
Christy Bieber notes The Social Security Administration will be sending out personalized notifications in December to all Social Security recipients. This year’s COLA notification uses more simplified language than prior years. Seniors will be able to understand exactly how much more money they are going to get when the COLA goes into effect. Of course multiplying your current check amount by 2.5% will give you the amount within a few dollars as well. Medicare premium increases are likely too for 2025, though the exact increase hasn’t been announced yet. If you’re like the majority of people who have these premiums automatically withdrawn from Social Security payments, be advised this will eat into the COLA. Full piece here.