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Honored Contributor
Posts: 39,084
Registered: ‎08-19-2010

Oct. 13th Announcing new SS increase

Thurs. be interesting in this yr. of horrible inflation what they come up with.

Honored Contributor
Posts: 39,084
Registered: ‎08-19-2010

Re: Oct. 13th Announcing new SS increase

Looks like the popular speculation says it will be 8.7% .

Honored Contributor
Posts: 32,613
Registered: ‎05-10-2010

Re: Oct. 13th Announcing new SS increase

We already know, 8.7%.  

Respected Contributor
Posts: 2,041
Registered: ‎05-09-2014

Re: Oct. 13th Announcing new SS increase

I'm not on tenterhooks. Can't change it, can't control it.

 

I'm grateful for anything I get. Always good to increase income and not have to depend on my nest egg to meet my financial obligations. Medicare premium is decreasing slightly. Glad for that, too. 

Honored Contributor
Posts: 15,783
Registered: ‎05-23-2015

Re: Oct. 13th Announcing new SS increase

I'm not complaining, but a good share of it will go to Medicare.

" You are entitled to your opinion. But you are not entitled to your own facts."
Daniel Patrick Moynihan
Honored Contributor
Posts: 39,084
Registered: ‎08-19-2010

Re: Oct. 13th Announcing new SS increase

Medicare premium taken from your check is going down 7.00.

 

deductible is 226 not 233 like it was this yr.

Esteemed Contributor
Posts: 6,038
Registered: ‎03-09-2010

Re: Oct. 13th Announcing new SS increase


@SharkE wrote:

Medicare premium taken from your check is going down 7.00.

 

deductible is 226 not 233 like it was this yr.


School me if I'm wrong but isn't this based on income? Like not everyone pays the same premium?

 

And don't you have to add a drug plan to this cost?

 

I'm not there yet but trying to figure out if it's better to keep my company's plan in retirement.

 

 

Esteemed Contributor
Posts: 7,776
Registered: ‎02-13-2021

Re: Oct. 13th Announcing new SS increase


@SharkE wrote:

Looks like the popular speculation says it will be 8.7% .


That's what I'm talking about @SharkE !  8.6 or 8.7.  Thanks!





A Negative Mind ~ Will give you a Negative Life
Esteemed Contributor
Posts: 7,776
Registered: ‎02-13-2021

Re: Oct. 13th Announcing new SS increase

[ Edited ]

@Snowpuppy wrote:

@SharkE wrote:

Medicare premium taken from your check is going down 7.00.

 

deductible is 226 not 233 like it was this yr.


School me if I'm wrong but isn't this based on income? Like not everyone pays the same premium?

 

And don't you have to add a drug plan to this cost?

 

I'm not there yet but trying to figure out if it's better to keep my company's plan in retirement.

 

 


It's based on the amount you already get.  So if you get $1,000 a month in SS bennies right now, you will get 8.7% of that amount.  If I get 1500 a month then I will get 8.7 percent of that amount.  

 

91,000 per year single, 180 married filing joint will require a higher Medicare Part B monthly premium.  You find the table and chart on Medicare.gov.  

 

I apologize for providing the wrong information earlier.





A Negative Mind ~ Will give you a Negative Life
Respected Contributor
Posts: 4,294
Registered: ‎06-24-2011

Re: Oct. 13th Announcing new SS increase

I think this was posted on an earlier thread.

 

The Medicare Part B premium 2023 will be $164.90, a decrease of $5.20 per month from the 2022 $170.10.

 

The Medicare Part B 2023 deductible will be $226, a $7 decrease from the 2022 $233.