Talk of The Villages Florida - View Single Post - Increase in Social Security offset by a larger increase in Medicare premiums
Thread: Increase in Social Security offset by a larger increase in Medicare premiums
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Old 11-29-2021, 01:29 PM
DAVES DAVES is offline
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Originally Posted by Rainger99 View Post
I just read that Social Security benefits are going up 5.9 percent next year which is the highest in 40 years. However, the premiums for Medicare Part B (which covers doctors’ visits) for 2022 is going up 14.5 percent. The standard monthly premium will go from $148.50 to $170.10. The average monthly Social Security benefit is about $1,487 and 44% of Medicare recipients reported spending between $160 and $495 a month on health care.
It is not just retired people facing this. The CPI consumer price index has hit 6.2%. That is paid with after tax money.