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Originally Posted by Rainger99
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.
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Be aware when supplementing your income. IRA / 401K withdrawals, profits from selling stock, part time job, capital gains, dividends and Interest. When your income increases your Medicare monthly payment will increase. Social Security income will be less. Look at the income schedule for Medicare payments. That went up too.