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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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I heard about this the other day. It's outrageous! With the government, one hand gives, the other takes away. But I'm miffed because they purposely misled us because at first there was no mention of an increase in Medicare costs, only about the big SS benefits increase. However, how you're affected for both increases depends on what your SS benefit is, as not everyone gets the same, and also what your supplemental Part B insurance coverage is, as that isn't the same for everyone either.