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Social Security Update

Social Security announced today that there will be a 2% Cost of Living Adjustment (COLA) for those receiving Social Security benefits for 2018.  Because there is a COLA increase, this means that the Part B premium may not be subject to hold harmless and beneficiaries could see an increase in their Part B premium.  Please keep in mind that we do not know yet what the Part B premium will be for 2018, so if there is an increase in the Part B premium, many beneficiaries may not see part or all of their COLA increase.  As more information is released about 2018 Medicare costs, we will make sure to share that information. 

For more Information:

To learn more about the COLA increase for 2018, please see the press release provided in the link below:
https://www.ssa.gov/news/press/releases/2017/#10-2017-1