Social Security cost-of-living adjustment will be 8.7% in 2023, highest increase in 40 years

[Northeast Agent]

https://www.cnbc.com/2022/10/13/soc...ent-in-2023-highest-increase-in-40-years.html

The last time the cost-of-living adjustment was higher was in 1981, when the increase was 11.2%.

 

[adjusterjack]

I wonder how much of the COLA will be offset by an increase in Medicare Part B premiums.

Every year the government gives with one hand and takes back with the other.

 

[Midlevel]

I wonder how much of the COLA will be offset by an increase in Medicare Part B premiums.

Every year the government gives with one hand and takes back with the other.

Midterms are this year so they are also lowering Part B premiums and Part B deductible.

 

[Yagents]

It could effect those who are grandfathered into lower part B, or duals, or medicaid / chip elig, or aca tax credits and CSR elig, etc

 

[wehotex]

I wonder how much of the COLA will be offset by an increase in Medicare Part B premiums.

Every year the government gives with one hand and takes back with the other.

They ALREADY “took it back” in 2022 for a new experimental drug that was “supposed” to cure Alzheimer’s . This trickery is deceiving the public into thinking that they are getting a $5 decrease in 2023 when they ALREADY OVERPAID with the ridiculous ~ $20 overpayment.

 

[billyb]

I will put my $200+ raise to good use.

 

[sshafran]

They ALREADY “took it back” in 2022 for a new experimental drug that was “supposed” to cure Alzheimer’s . This trickery is deceiving the public into thinking that they are getting a $5 decrease in 2023 when they ALREADY OVERPAID with the ridiculous ~ $20 overpayment.

You really think $170.10 is overpaying?

I do not. Every person on Medicare is grossly underpaying.

But, votes.

 

[rousemark]

You really think $170.10 is overpaying?

I do not. Every person on Medicare is grossly underpaying.

But, votes.

You are not taking into account all the premiums we paid over the years when we had no coverage

 

[sshafran]

You are not taking into account all the premiums we paid over the years when we had no coverage

I'm aware of the payroll deductions - it is still too low.

 

[DS4]

I will put my $200+ raise to good use.

+$274/ month for me