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Good News — Sort of — for Social Security Recipients

Posted by Sasha Golden | Oct 19, 2011 | 0 Comments

For the first time in three years, there will be a cost-of-living increase in checks issued by the Social Security Administration. It is expected that the agency will announce a 3.5% raise in payments to seniors.

The bad news? A good chunk of this raise is likely to be offset by a jump in the Medicare Part B premium for roughly 75% or so of Medicare beneficiaries who are not low-income”dual eligibles” or high-income beneficiaries that already pay an additional premium.

A good explanation of the more complex aspect of this issue can be found here.

About the Author

Sasha Golden

Alexandra “Sasha” Golden received her undergraduate and law degrees from Boston College, and has been practicing law in Massachusetts since 1994. Attorney Golden is a long-standing member of the Massachusetts chapter of the National Academy of Elder Law Attorneys (NAELA) and of the Probate and So...


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