Medicare Premiums to Surge in 2016 for Some Seniors, But No Cost of Living Adjustments for Social Security
Posted by William Byrnes on October 19, 2015
Old age and survivors, disabled workers and SSI recipients — will not see a COLA increase in benefits next year for the third time since 2009.
But Social Security beneficiaries with higher incomes will see increases in their premiums for Medicare Part B, which pays for physicians’ bills, outpatient care, durable medical devices and other goods and services.
James J. Green explains the impact of the Medicare Part B premium cost increases for Seniors on ThinkAdvisor and the lack of increase of social security benefits.
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