SS increase notification - Page 2

Still Raining · ‎03-30-2014

Not got my letter yet, but this startling news is not going make me alter my biweekly trip to the PO.

SilleeMee · ‎05-22-2016

My Medicare cost went up by $4 a month starting in Jan 2021. I pay out of pocket for it so I know how much it went up.

Carmie · ‎10-25-2010

For most people, their Medicare Part B preminum will increase $3.90 in 2021. This is taken from your SS check, so your SS COLA will probably be pretty much a wash.

I am still oxox · ‎03-09-2010

I am happy for what they give us between Medicare and our Supplement we paid 0 for my hip replacement and hospital stay

Stop being afraid of what could go wrong and start being positive what could go right.

Mindy D · ‎05-23-2010

I am not happy because the system used to calculate our annual cost of living does not reflect the actual increase in cost of living for seniors. It's time the COLA was based on our actual expenses. It should be based on the Consumer Price Index for the Elderly (CPE-E). Right now, it's based on the Consumer Price Index for Urban Wage Earners (CPI-W). This underestimates the inflation that those on Social Security deal with because it does not give weight to our expenses, such as increasing health care and housing costs including property taxes, insurance, rent. The CPI-E is 2/10 of a percentage point higher than the CPI-W. This adds up over time in the amount of benefits seniors get.

I'd like to see support for legislation such as the CPI-W Act, the Guaranteed 3% COLA ACT*, or the Seniors Security Act.

*My favorite.

chrystaltree · ‎05-10-2010

Like my sister said. She'll get the teeny tiny increase but it will be offset by the Medicare premium which will go up. So her check will actually be less than what she gets now.

Carmie · ‎10-25-2010

@Mindy D I read that there are some ideas to send an extra $300 every month to people on SS. That would be a godsend for people who are at or below the poverty level.

I don't know where that money is gonna come from, but I believe that everyone should pay SS taxes on 100% of their earned income.

Currently, you pay SS taxes on the first $142,800. So, as always the people who make less pay SS on 100% of their wages, the the large wage earners on pay SS taxes on a portion of their income. This is a pet peeve of mine.

I am not going to hold my breath waiting for a good increase.

Oh another thing that ticks me off. Those stimulus check,we received last spring are not taxable, but some of us got smaller checks as well a month or two later that was interest that was sent because the checks were late. That interest Is taxable. So now I have to claim an extra $10 and change on my taxes....and the government is going to send out a form to file with the taxes if the amount received is over $10.

This is so silly and wasteful. It will cost more to send out the forms than the money the IRS will make.

ALRATIBA · ‎07-15-2016

I just looked up the SSA and Medicare increases on their websites and I think I'm going to come out okay. I have the basic Medicare. My supplemental (retirement benefit) plan picks up what Medicare doesn't pay with a very small co-pay.

For 2021, the Medicare Part B monthly premiums and the annual deductible are higher than the 2020 amounts. The standard monthly premium for Medicare Part B enrollees will be $148.50 for 2021, an increase of $3.90 from $144.60 in 2020.

I paid into social security for almost 50 years, so my benefit is pretty good ... Looks like I'll come out a few bucks ahead.