Seniors

PoindexterOglethorpe

(27,784 posts)

17. In the same 7 years I've been on SS and Medicare my COLA has mostly been less than

Sun Aug 21, 2022, 10:27 PM

Aug 2022

more than an increase in Medicare Part B. I am getting significantly more SS than I did back then.

Here's something people don't fully understand when they decide collecting SS at the soonest age possible is good. Each year's increase is a percentage of their current payout. So the higher the starting payout, the higher the increase will be. Over time, someone who collected later than the earliest age, benefits more and more.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

17 replies

= new reply since forum marked as read

Highlight:

Social Security Benefits Are Heading for the Biggest Increase in 40 Years [View all] question everything Aug 2022 OP

Sure Timewas Aug 2022 #1

As reported, last paragraph, Medicare will stay the same $170.10 question everything Aug 2022 #4

Hopefully Timewas Aug 2022 #7

the last increase was no where NEAR wiped out in rising premiums stopdiggin Aug 2022 #8

Nope. Medicare part B does NOT raise the same as the increase. At least not in my experience PoindexterOglethorpe Aug 2022 #16

Good, I guess; hope we all can afford it. elleng Aug 2022 #2

So will Medicare Part B rise to take the extra. TexLaProgressive Aug 2022 #3

No. Read the last paragraph: will stay the same at $170.10 question everything Aug 2022 #5

That's a relief 😅 TexLaProgressive Aug 2022 #6

not in my household stopdiggin Aug 2022 #9

Me either Rebl2 Aug 2022 #11

In the same 7 years I've been on SS and Medicare my COLA has mostly been less than PoindexterOglethorpe Aug 2022 #17

Woo-hoo, bring it on! ShazzieB Aug 2022 #10

I know a happy Senior YoshidaYui Aug 2022 #12

I'll take anything. MFs shouldn't tax SS. twodogsbarking Aug 2022 #13

"Over the next two months"? wryter2000 Aug 2022 #14

Next, stop taxing SS checks Cheezoholic Aug 2022 #15