We're all gonna get rich!

G

GeorgiaXplant

Well-known Member
Location
Georgia
Well, at least those of us who get Social Security checks...a 2.2% raise could be coming January 1. Ain't much but better than a kick in the shins with a pair of pointy-toed shoes.
 

Yep, I read about that. I am on SSD, so it may not affect me, but my husband will retire in May 2018 when he turns 66, so will see what he will get.
 
Rumor is that if the GOP health care plan passes, any increase in SSA benefits will be negated by a raise in Medicare premiums.
 

I have never received a check, always direct deposit. The increases are so tiny that I really don't pay any attention to them other than adjust the amount in my check book.
 
That 2.2% number is a forecast, not a done deal. The actual raise, if any, will be determined by the CPI data for the third quarter, July, August, and September, and that won't be out in it's entirety until mid October. And even if there is a raise, it doesn't mean you'll see any of it. If you have been on Social Security for a while, like I have you are being "protected" from paying the full part B Medicare Premium by the "hold harmless provision" Last year the part B premium went up $28 bucks to $134 a month. But because of the "hold harmless provision" I'm only paying $111. However, any raise that comes about in 2018 will first be applied to that $23 to bring my Medicare Premium back up to $134. If there is anything left over after that, it will show up in my net amount. Also, that $134 Medicare Part B premium is subject to being "adjusted" for 2018, depending on data that is not available yet. So bottom line, all you can count on for sure is getting the same amount in 2018 as you are getting right now.
 
Just peanuts to me.....Medicare will be going up, so do not expect a significant increase in your Social Security check! Best to have a back up plan!
 
I agree with Falcon, every little bit helps.


78144374.jpg
 

You must log in or register to reply here.

Back
Top