After years of 0% or .2% cost of living raises, we retired folks are finally getting a whopping 2% increase starting January 1st.
I just received a letter from the SSA showing my new benefit amount. We are getting a 2% raise, but here's the kicker. The cost of medicare increased by....wait for it...exactly the same amount as the increase. For both me and the wife. That is a net increase of exactly 0 over last year. There was no explanation of the medicare increase in the letter
Why do they even bother.
I just received a letter from the SSA showing my new benefit amount. We are getting a 2% raise, but here's the kicker. The cost of medicare increased by....wait for it...exactly the same amount as the increase. For both me and the wife. That is a net increase of exactly 0 over last year. There was no explanation of the medicare increase in the letter
Why do they even bother.
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