part of the Social Security cost-of-living adjustment is often used to pay for higher Medicare premiums. However, in 2023, monthly Medicare Part B premiums will actually decrease slightly from $170.10 in 2022 to $164.90 in 2023. (Some Medicare beneficiaries might pay higher premiums...
Nancy Altman, president of Social Security Works, a social-welfare organization, sees the plan as “just a way of hiding the ball” to make changes that are unpopular with voters, she said. Given the importance of the Social Security program, change...
Amid record high inflation, Social Security beneficiaries will get an 8.7% increase to their benefits in 2023, the highest increase in 40 years. The Social Security Administration announced the change Thursday. It will result in a benefit increase of more than $140 per month on av...
Social Security's full retirement age reflects the point at which people can claim their full benefits. It's going up in 2025. Dec 20, 2024 What to know about Social Security's December and January 2025 payments Social Security beneficiaries have some changes coming in December and January...
The government, via the BLS and SSA, publishes the official annual cost-of-living adjustments typically in the middle of October, with changes to social security, retiree benefits and medicare effective for the subsequent year. However trailing inflation/CPI levels can provide a strong indication of...
Now for the disappointing part: Social Security incomehas been losing purchasing power consistently since this century began. Last year, TSCL released a study that compared aggregate COLAs between January 2000 and February 2023 to the collective price changes observed for a basket o...
Social Security/Medicare Social Security Fairness Act Faces Long Delay Before Sending Out Adjusted Benefits By Mary Helen GillespieJan 30, 2025 3:00 PM EST Your Money Is It Time to Exchange Your Annuity? By Retirement Daily Guest Contributor ...
The benefits hike under the new law would be retroactive to December 2023. As a result, eligible recipients who previously only received partial benefits will get a full payment retroactive to a year ago. Processing the changes is complex and much of the work has to be done manually on a ...
Here are 7 big changes coming to Social Security in 2017Sean Williams
Wolfe, Warren