Ouch…. For the first time in over 30 years, Social Security will NOT be giving retirees a cost-of-living increase (COLA) for 2010. Most beneficiaries will not see a change in their Medicare Part B premiums; however, for about one-quarter of all beneficiaries, Medicare Part B premiums — normally automatically deducted from your Social Security check — will increase from the present $96.40 per month to an estimated $119 per month. It is also highly likely that Medicare D premiums for prescription drug coverage will go up for everyone.
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