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12-10-2020 08:49 AM
Think we're getting ours today. Be on look out for letter(s) if married.
1.3% increase. LOL
12-10-2020 08:53 AM
Never get excited - today a letter of an increase - tomorrow a letter from insurance that rates are increasing.
But I'll take an extra buck wherever I can get it.
12-10-2020 08:58 AM - edited 12-10-2020 09:00 AM
Did you "LOL" your post because you're laughing-- like I am-- over how that SS increase has actually wound up as a DECREASE when it lands in my bank account?
What Social Security gives on one hand, increased Medicare premiums have taken away on the other.
My monthly bank account deposit of SS benefits will now fall by around $100.
I'm still laughing after seeing the notice I got in the mail about a week ago. It said the "increase" is to keep up with the "increase in the cost of living"
12-10-2020 09:05 AM
They always increase my medical more so I never see any increase in my S from a Cost Of Living increase ....
12-10-2020 09:32 AM
I think it was higher last year and I ended up with about one dollar after medicare and supplemental was taken out due to their higher costs.So, I'm not really expecting getting anthing at all on the + side more of a -.
12-10-2020 09:59 AM
Even with the Medicare increase, the Supplement increase and the Part D increase for both of us we are still coming out a little bit ahead each month.
12-10-2020 09:59 AM
Count your blessings. My work is struggling financially because of the virus. We are still working full time but took a 30% decrease.
12-10-2020 10:24 AM
We were notified that our increase letter was ready electronically about 2 weeks ago.
12-10-2020 11:54 AM
I got my letter two weeks ago. I don't think about the COLA, so any increase is a nice surprise.
12-10-2020 12:12 PM
I haven't gotten the updated figures for COLA, but only for my supplemental, so far. We shallsee. I looked and I did get to keep more than $1.00 then previously stated but not thinking it will be too much this year.
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