Social Security payments to see first increase since 2009

[NNN0LHI]

http://money.cnn.com/2011/10/18/news/economy/Social_security_cola_increase/

By Tami Luhby @CNNMoney October 18, 2011: 6:10 PM ET

NEW YORK (CNNMoney) -- Senior citizens are expected to get their first raise in two years.

Social Security recipients should get a cost of living adjustment of about 3.5% to 3.7% starting in January. The exact amount should be released Wednesday, when the government unveils the inflation index upon which the COLA is based.

[doc03]

1. How much is the Medicare premium going to raise? n/t

[CountAllVotes]

3. From what I have read ...

Medicare part B will go up at least $17.00 - $18.00 a month. :(

There goes that fat increase huh? :(

[doc03]

6. That's what I was thinking Medicare usually takes a

good part of it back.

[CountAllVotes]

2. I just read it will be 3.6%

And in the meantime, they are still calculating how much Medicare will go up. My guess is, 3.6%+++ not that this is even the least bit legal.

Medicare is supposed to go up 3.6% according to the regulations, not that they are being followed!

Better than a kick in the butt at best eh?

:kick: in the butt ... ;)

[doc03]

5. From what I have experienced from my mother's SS is that

Medicare goes up a lot more than the COLA does. I can remember years when they took at least 1/2 her COLA increase for Medicare.

[CountAllVotes]

7. Premiums were frozen for the last 2 years

Newer enrollees (since 2010) are paying ~$115.00+ now.

If you are in it already, it is about $95.00 a month. If the premiums all go up, there will be no increase realized.

In my husband's case, he will get zero. :(

:dem:

[Raven]

4. I wonder when the Republicans and TP'ers are going to start

bitching about this col increase.

[kentuck]

8. Must be an election year?

:shrug: