Cost-of-living Increases | featured news

No cost-of-living increases, Social Security says

No cost-of-living increases, Social Security says

By law, Social Security benefits can't decline. But because premiums for the Medicare drug program are expected to increase 11% next year, seniors who have those premiums deducted from their benefits will see a drop in payments, says Barbara Kennelly, president of the National Committee to Preserve Social Security and Medicare.

 

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