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Social Security benefits going up. Medicare premiums are too.
It’s almost an annual event. Seniors cheer a cost of living adjustment to their Social Security benefits when it is announced each October, even if many increases over the past decade have been small. Then, in November, seniors find out their Medicare premiums are also going up. In many cases the premium increase eats up most or all the Social Security increase. That will not be the case, though, in 2020 for most beneficiaries. Maurie Backman of The Motley Fool dissects the $9.10 premium increase in her article. Read full piece here.