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The Social Security 2024 COLA increase was a disappointment for many retirees. As of now, the Social Security COLA projection for 2025 is a drop compared to the 2024 COLA, which could feel like a ...
On Oct. 10, following the release of the final puzzle piece needed to calculate Social Security's 2025 COLA (the September inflation report), the SSA announced that beneficiaries would see their ...
It's worth noting that standard Medicare Part B premiums will be $185 per month in 2025, a $10.30 increase compared with 2024. Medicare beneficiaries who collect Social Security typically pay this ...
Part B deductible and premium. Medicare Part B covers outpatient care, durable medical equipment, and some prescription drugs. In 2024, the Part B deductible is $240 but will rise by $17 to $257 ...
Finally, Medicare Part B premiums can take a bite out of the COLA. These premiums (which are deducted from retirees' monthly Social Security checks) increased by $9.80 per month in 2024.
The Centers for Medicare and Medicaid Services (CMS) announced that 2025 monthly Part B premiums will climb to $185, an increase of $10.30 from $174.70 in 2024.
With two months of data still pending, current estimates suggest a 2.57% COLA increase for 2025, which would add about $50 per month to benefits, according to the Detroit Free Press.
Millions of Americans are facing tough questions about how to stretch their money with a modest 2.5% COLA increase on the horizon — or about $50 a month for the average retirement benefit.