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The Sneaky Expense That Could Wipe Out Your Social Security Raise
Maurie Backman notes current projections have Social Security recipients in line for an estimated 6.2% cost of living adjustment. But Medicare Part B premiums, currently $148.50 per month for most, is also due to go up. No one yet knows how much. But Backman explains no one will lose any money, as there is a hold harmless provision that would prevent an outright pay cut. Full article here.
The AMAC Foundation offers a free-to-the-public advisory service to all folks ageing into–or already in–Social Security. This service provides guidance in understanding the complexities of Social Security and the myriad rules and regulations associated with the process for claiming benefits, with NSSA-Certified Social Security Advisors available via email or telephone to discuss options. Learn more about this service via the Foundation’s website.