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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 ...
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% ...
Going forward, out-of-pocket drug costs are capped at $2,000 a year for people with Medicare Part D drug plans or the prescription drug coverage in Medicare Advantage plans, according to Medicare.gov.
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 ...
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 ...
Like other health insurance programs, recipients have a yearly enrollment period. Eligible Americans can now join, drop, or switch their supplemental Medicare plans through December 7.
Unfortunately, 2025's Social Security COLA isn't exactly going to be a record-breaker. As a result of cooling inflation, benefits will only be rising by 2.5% in the new year.
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.