Medicare Premium Increase: Ten Dollars and Thirty Cents of Your COLA Will Be Offset by Higher Part B Costs
Medicare beneficiaries will see a modest increase in their monthly premiums this year, with the typical Part B premium rising by $10.30. However, this increase will be partially offset by the annual Cost of Living Adjustment (COLA), which provides an average boost of about $10 in benefits. Despite the COLA, many seniors will notice their...