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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...

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