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Esteemed Contributor
Posts: 6,477
Registered: ‎09-08-2010

I also got a small increase, but my Medicare (Medigap) went up so much that I net $1.25. So..........not much to celebrate. 

Respected Contributor
Posts: 4,736
Registered: ‎04-04-2015

@wagirl wrote:

My $33 increase will pay for the part B and my supplement increases--with maybe $10 leftover--better than a burnt stick in the eye ! But really great for the teachers/government folks to get theirs!! I was shocked when I heard that wasn't a thing until Biden signed it into law--hopefully it will not be done away with--hopefully!!!Woman Frustrated


It was bipartisan and the new Prez supports it too so I don't think there will be a problem.

 

It always did seem unfair to me.  If they had wanted to means test originally, they should have applied the offset and windfall provisions to everyone who had a pension not just some people.

Honored Contributor
Posts: 11,308
Registered: ‎03-09-2010

@Isobel Archer - I didn't know about this issue with SS until quite a few years ago, when a friend told me that she and her DH were affected by this.

 

Both have worked in private and public sectors.  I've been watching it closely and am so glad for them and you, that this has finally been addressed.

 

An unfair policy finally put to rights.  Better late than never!

Honored Contributor
Posts: 20,531
Registered: ‎10-25-2010

The increase did nothing for me.  It amounted  to a few dollars. $2

 

Since the Medicare Part B preminum went up $10.20 a month and the Part B deductible went up $17 and for most people with supplements, their prices went up as well....especially the RX coverage.  Some people will be lucky to break even.

Honored Contributor
Posts: 20,531
Registered: ‎10-25-2010

@Isobel Archer wrote:

I will be getting a significant raise (considering that I am now getting nothing) since the SS Fairness Act was passed and signed.

 

For those subject to the Offset and Windfall provisions, things are looking bright indeed.


It's about time.  Even though it doesn't apply to me, I never thought this was fair.

 

I am happy for you and for others.  You deserve it.

 

For those who never paid into SS for at least 10 years, I understand they will not be able to collect anything.

 

Only those who have paid into SS for 10 years or more and are receiving reduced SS will receive their full amount due without a reduction.

Esteemed Contributor
Posts: 5,131
Registered: ‎01-09-2011

I too received the increase. Peanuts.

"Cats are poetry in motion. Dogs are gibberish in neutral." -Garfield
Honored Contributor
Posts: 8,220
Registered: ‎03-30-2014

Merging the underlying Social Security increase with three other different changes can obscure the components.

 

Part B changes are set by Medicare.  Part D and supplements are set by insurance companies.

 

 

Esteemed Contributor
Posts: 6,477
Registered: ‎09-08-2010

@Carmie wrote:

The increase did nothing for me.  It amounted  to a few dollars. $2

 

Since the Medicare Part B preminum went up $10.20 a month and the Part B deductible went up $17 and for most people with supplements, their prices went up as well....especially the RX coverage.  Some people will be lucky to break even.


@Carmie  That's right. I forgot about how much the part D went up. I paid $17.00 in 2024 and in 2025 it went up to over $150.00 for the same not-so-good coverage. 

Honored Contributor
Posts: 20,531
Registered: ‎10-25-2010

@Still Raining wrote:

Merging the underlying Social Security increase with three other different changes can obscure the components.

 

Part B changes are set by Medicare.  Part D and supplements are set by insurance companies.

 

 


Agreed, but at the end of the day, you can't get ahead.

 

Federal Law has now capped the RX coverage out of pocket at $2000 and they have added some previously uncovered drugs that are expensive.

 

This has made the Part D prices go up a lot for everyone...even those who don't need or use RX drugs.

 

The bottom line for many people celebrating a small increase is going to be disappointing when they find they are short on monthly income compared to last year.

Honored Contributor
Posts: 9,932
Registered: ‎03-09-2010

Re: Social Security raise

[ Edited ]

@Carmie wrote:

@Still Raining wrote:

Merging the underlying Social Security increase with three other different changes can obscure the components.

 

Part B changes are set by Medicare.  Part D and supplements are set by insurance companies.

 

 


Agreed, but at the end of the day, you can't get ahead.

 

Federal Law has now capped the RX coverage out of pocket at $2000 and they have added some previously uncovered drugs that are expensive.

 

This has made the Part D prices go up a lot for everyone...even those who don't need or use RX drugs.

 

The bottom line for many people celebrating a small increase is going to be disappointing when they find they are short on monthly income compared to last year.


People that aren't taking prescription drugs have the option to buy the absolute cheapest plan available in their area.  

I take nothing so why would I pay a ridiculous price for something I'm not using?  If that changes in the future I have the option to make a change in October.

You should be aware of that, you have extensive knowledge in the insurance business.