<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=302779086974399&amp;ev=PageView&amp;noscript=1"> Medicare Blog | Medicare News | Medicare Information

Medicare Blog | Medicare News | Medicare Information

Social Security Cost of Living Adjustment May top 3% in 2019

Posted by www.psmbrokerage.com Admin on Tue, Jun 19, 2018 @ 10:58 AM

Update

Social Security Cost of Living Adjustment

May top 3% in 2019

The annual Social Security (SS) cost-of-living adjustment for 2019 could top 3%. That would be the largest increase in seven years, according to The Senior Citizens League, a nonpartisan advocacy group.

A 3% cost of living adjustment (COLA) in 2019 would be the biggest annual hike since 2012, when SS benefits grew by 3.6%. This year the COLA was 2%. If Social Security benefits increase next year, Medicare premiums for the typical retiree may also rise.

A "hold harmless" provision – enjoyed by about 70% of beneficiaries who have Medicare premiums deducted from their SS – prohibits annual increases in Part B premiums from exceeding the dollar amount of the COLA increase in annual SS benefits. Part B premiums are normally deducted directly from Social Security benefits.

READ FULL ARTICLE

Additional Updates:
  • How To Market To Seniors - View
  • 2019 Aetna medicare Advantage / PDP Certification Details - View
  • Stand-alone PDP premiums rise modestly - View
  • VALUES Quote of the Week - View
  • Current Agent Incentive Trips and Contests - View

Tags: health care costs, Life Insurance

    Join thousands of insurance agents who receive weekly news updates and original articles.

    Follow Precision Senior Marketing on Facebook!





    Follow Precision Senior Marketing on Twitter!

    Most Popular Posts

    Posts by Topic

    Click for More