Lara
Friend of the Arts
- Location
- Mid-Atlantic Coast
Via recent News, if you receive an average monthly SS check of $1400 then you will receive an increase of almost $500 per year in 2019 for a cost-of-living adjustment. To be more specific, $39 per month.
Question #1: Will that increase be eaten up by higher Medicare Premiums?
Question #2: This link is from September and said it will definitely happen if nothing changes by October. I just heard on the news 2 days ago that this is going to happen...but are they correct? I haven't heard a big deal being made of it. That would mean the highest rate increase in recent years.
https://www.cnbc.com/2018/09/17/social-security-cost-of-living-adjustment-could-mean-a-bigger-check-in-2019.html
Question #1: Will that increase be eaten up by higher Medicare Premiums?
Question #2: This link is from September and said it will definitely happen if nothing changes by October. I just heard on the news 2 days ago that this is going to happen...but are they correct? I haven't heard a big deal being made of it. That would mean the highest rate increase in recent years.
https://www.cnbc.com/2018/09/17/social-security-cost-of-living-adjustment-could-mean-a-bigger-check-in-2019.html