Social Security COLA & Medicare Part B Premium Hike: What Retirees Need to Know

Retirees brace for a mixed bag of news: while Social Security benefits will see a modest increase of around $56 per month, Medicare Part B premiums will rise by $17.90, potentially offsetting the COLA gain. This marks the second-highest dollar increase in Part B premium history, covering services like doctor visits and outpatient care. Lower-income beneficiaries are protected by a hold harmless provision, but many will still see a smaller take-home increase than expected.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.