2018 Won't Be a Fizzy Year for COLAs After All
Because of the way the Social Security cost-of-living adjustment and Medicare premiums interact, millions of retirees will experience flat benefits next year, says contributor Mark Miller.
Riddle me this: The federal government announced that the standard Medicare Part B premium will stay flat next year, at $134 per month. Still, most retirees will pay more for Part B next year than they are paying in 2017.
And riddle me this, too: The annual Social Security cost-of-living adjustment for 2018 has been set at 2%--yet benefits will remain flat for millions of retirees.