My Social Security Got a Raise. Then Medicare Quietly Took Most of It Back.

Social Security’s annual cost-of-living adjustment (COLA) raises your monthly benefit, but a higher Medicare Part B premium can leave you with less of that increase to spend. Most retirees enrolled in Part B have the cost deducted from their Social Security payment. In 2027, the COLA will be 3.6%, with average retirement benefits increasing by […] The post My Social Security Got a Raise.