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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% ...
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.
COLA doesn’t directly affect Medicare costs. That said, most people can deduct Medicare Part B premiums from Social Security benefits. Because inflation resulted in a rise in costs, ...
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.
On a related note, the cost of skilled nursing care under Medicare Part A is also higher this year. For days 21 through 100 at a skilled nursing facility, your daily coinsurance cost is $209.50 ...
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 ...
But in 2025, seniors might especially struggle to cope with an increase in Part B costs because next year's Social Security cost-of-living adjustment (COLA) is the smallest to arrive since 2021.
While there's a chance that 2026's Social Security COLA will be smaller than 2025's, there's also a chance that it will be comparable to next year's 2.5% increase or even higher. However, that's ...
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