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Archive for the ‘Social Security’ Category

Medicare costs to reduce Social Security increase

Thursday, October 20th, 2011

Benifits Pro reports:

“WASHINGTON (AP) — That didn’t last long. About 55 million Social Security recipients will get their first increase in benefits next year since 2009 — a 3.6 percent raise. But higher Medicare premiums could erase part of it.

For some, higher Medicare Part B premiums could wipe out as much as a fourth of their raise from Social Security, according to projections by the trustees who oversee the programs.

Medicare is expected to announce 2012 Part B premiums as early as next week. The premiums, which cover doctor visits, are deducted automatically from monthly Social Security payments.

(more…)

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