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How does COLA affect Medicare? COLA doesn’t directly affect Medicare costs. That said, most people can deduct Medicare Part B premiums from Social Security benefits.
As NBC noted, the other unusual part about 2023’s COLA — besides it being a record increase — is the fact that beneficiaries will receive the full increase due to a decrease in Medicare Part ...
Anyone who pays close attention to Social Security retirement benefits knows that the annual Social Security cost-of-living adjustment (COLA) tells only part of the story about how benefits are...
Most seniors don't pay a premium for Part A, but they do for Part B. The standard Part B monthly premium rose from $174.70 in 2024 to $185.00 in 2025. 5 2025 Medicare Changes Every Retiree Should Know
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.
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 ...
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 ...
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.