Search results
Results from the WOW.Com Content Network
Finally, Medicare Part B premiums can take a bite out of the COLA. These premiums (which are deducted from retirees' monthly Social Security checks) increased by $9.80 per month in 2024.
The annual COLA is critical for helping benefits keep up with inflation. The Social Security Administration (SSA) will announce the annual COLA for 2025 on October 10.
And if the cost of Part B increases dramatically in 2025, it will result in a smaller COLA for you. A big day for Social Security You might have plans to check the SSA's website for news of a COLA ...
The Centers for Medicare and Medicaid Services (CMS) announced that 2025 monthly Part B premiums will climb to $185, an increase of $10.30 from $174.70 in 2024.
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% ...
He explains that the increases for Medicare Part B and Medicare Part D have significantly exceeded the Social Security COLA, eroding purchasing power. The Social Security 2024 COLA increase was a ...
Image source: Getty Images. How much more money will retirees get next year? The Social Security Administration announced recently that seniors will get a 2.5% benefits increase for the 2025 year.
Medicare Part B premiums can also affect your COLA. When premiums go down, your COLA could be higher. When premiums go up, your COLA could go down — and that’s what’s happening this year.