Millions of seniors will soon be notified that Medicare premiums for physicians’ services are rising and likely to consume most of the cost-of-living adjustment they’ll receive next year from Social Security.
Higher 2018 premiums for Medicare Part B will hit older adults who’ve been shielded from significant cost increases for several years, including large numbers of low-income individuals who struggle to make ends meet.
via Kaiser Health News.
2018 Social Security COLA Won’t Meet Seniors’ Needs.
- The 2018 COLA translates into a paltry $27 a month for the average recipient, barely enough for a prescription co-pay, a tank of gas, or a bag of groceries.
2018 cost of living adjustment shortchanges America’s retirees.
- What’s more, average beneficiaries will see their COLAs almost completely wiped out by rising Medicare Part B premiums. Those premiums will likely go up by $25 per month in 2018, making the math pretty simple. Many retirees will net only $2 extra per month, which might buy a cup of coffee but not much else.
