“Original Medicare” — also known as Medicare Parts A and B — covers hospital stays and medical care, respectively, and has set costs. Most people pay no premium for Part A but do pay a deductible ($1600 in 2023) and coinsurance, or a share of costs for longer-term facility stays....
The average monthly Social Security income got an8.7% boostfor 2023 due to rising inflation. This Cost of Living Adjustment (COLA) raised the average monthly Social Security payment to $1,827 a month or approximately $22,000 a year. NOTE:The average income for female households 75 and over ...