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America's seniors will pay more for their health care in the new year, as the Centers for Medicare and Medicaid Services (CMS) has announced that premiums for its Part B plan will increase by ...
The jump in the 2025 Medicare Part B premium outpaces both inflation and the Social Security cost-of-living adjustment (COLA). Annual inflation rose 3.2% in October and COLA for 2025 will be 2.5% ...
3. Maximum Social Security benefit also set to increase. The maximum Social Security benefit for a worker retiring at full retirement age will increase from $3,822 in 2024 to $4,018 in 2025. This ...
Luckily, recipients can expect a 2.5% increase in their monthly benefits beginning in January 2025. A 2.5% increase is below the average COLA since it became annual in 1975, but it could also be ...
Here's the schedule for when Social Security recipients will get their new 2025 COLA payments: Dec. 31: SSI beneficiaries will receive their new cost-of-living adjustment with this payment that ...
In fact, next year's 2.5% bump is higher than the 2010's average COLA of 1.4%, and is similar to the average since 1983 (after the soaring inflation of the preceding decade). What it means for ...
Last month, the Social Security Administration announced that beneficiaries will receive a 2.5% cost-of-living adjustment (COLA) in 2025. That revelation disappointed many Social Security recipients.
That’s a significant drop from the average monthly increase of about $146 based on the 2023 COLA. Many Social Security recipients won’t even get the full COLA next year because of the higher ...