Chipping away at the COLA increase
For the first time in two years, Social Security recipients are getting a raise. The average Social Security check will increase by about $40 a month next year because of a cost-of-living adjustment, known to beneficiaries as COLA.
Most won't see all the money. The standard premium for Medicare Part B recipients will be $99.90 a month next year. For most recipients, whose premiums have been...
