Health Conditions And Treatments Eat Healthy Nutrition Basics Understanding Cooking Fats And OilsIn January, one-third of all Medicare beneficiaries could see a Part B premium increase of 22 percent the highest increase in 27 years. Do you believe Congress should take action like it did last year to prevent the dramatic increase?.sources of income to add to your Social Security. Here's how:.The Senior Citizens League supports the "Seniors Security Act," legislation that would adopt the Consumer Price Index for Elder Consumers, an index that more closely reflects the costs of retirees, to calculate the annual COLA and would ensure that Part B premium never amounts to more than 30 percent of an individual's COLA increase. To learn more, visit. … Continued
Health Cost And QualityThe following chart illustrates how survey participants responded a year ago..A person receiving the national average Social Security benefit in 2000 - 6 per month - would have ,226.60 per month by 201However, because retiree costs are rising at a substantially faster pace than the COLA, that individual would require a Social Security benefit of 7.90 more per month, or ,634.50 in 2019, just to maintain his or her 2000 level of buying power..Medicare Part B premiums are expected to stay at 4 per month in 2018, leaving people like Barbara facing a big premium increase. The 4 premium is per month more than she paid this year, and more than what Barbara expects to get from her COLA in 201That means her Part B premium will be adjusted again to prevent reduction in her benefits. As much as that protection is appreciated, Barbara is frustrated about high Medicare premium costs after years of low or no COLA growth. "It's been 36 months since I've had any raise in my net operating Social Security, but my actual household costs continue to go up," Barbara says. "This isn't fair to retirees," she adds. … Continued