Social Security COLA Falls Short, Medicare Premiums Surge
Durham News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
2026 Social Security COLA: A Mixed Bag for Retirees
Retirees received a 2.8% cost-of-living adjustment (COLA) in 2026, adding approximately $56 to their average monthly benefit of $2,071. However, the standard Part B premium surged to $202.90, up from $185 last year, leaving many with a net gain of only around $38. This marks the first time Part B premiums have exceeded $200 monthly. The annual deductible also rose, from $257 to $283. Higher earners face even steeper premiums due to income-related surcharges. Lower-income seniors may qualify for Medicare Savings Programs. Retirees should review their options during open enrollment and consider consulting a financial advisor to manage healthcare expenses.
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