No Change in Medicare Part B Costs Means More Change in Your Pocket

The secretary of the U.S. Department of Health and Human Services announced this week that the Medicare Part B monthly premium and deductible will not increase in 2015. This is great news for the 49 million Americans who rely on Medicare Part B to cover their doctor and outpatient hospital visits. Medicare Part B monthly premiums and deductibles will remain at $104.90 and $147, respectively. Those who pay higher Medicare income-related premiums will also find that their premiums are unchanged. …

Measly Social Security COLA Announced for 2013

You won’t be rolling in dough with next year’s Social Security cost-of-living adjustment at 1.7 percent – about $21 a month more for people collecting the average retirement benefit of $1,236. [See our full story on the COLA]. Some 56 million beneficiaries will see the increase in their payments beginning in January. It’s one of the lowest since Social Security COLAs were adopted in 1975. Not to add insult to injury, but that $21 is likely to be reduced by a …