2018 Social Security COLA to Be Wiped Out by Medicare Premium Hike

Most Social Security recipients won’t be seeing much, if any, of the 2% cost-of-living adjustment (COLA) on Social Security benefits announced for 2018.

All or most of the increase, which is roughly $25 for the typical recipient receiving an average $1,250 monthly benefit, will be eaten up by an the increase in Medicare Part B, according to The Senior Citizens League. To read the full article click here