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Does anyone know if there will be a cost of living hile in SSDI OR SS.?

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Imagevision Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Oct-22-11 01:35 PM
Original message
Does anyone know if there will be a cost of living hile in SSDI OR SS.?
I raed only obe that there has been a cost of living in 2011...
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monmouth Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Oct-22-11 01:37 PM
Response to Original message
1. 3.6% increase..n/t
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dixiegrrrrl Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Oct-22-11 01:41 PM
Response to Original message
2. Supposed to be in Jan for Soc. Sec and SSI.
But Medicare B premiums are supposed to rise also. They have not yet announced how much Medicare will rise.
Wanna bet it is for at least 3.6%?
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Bluenorthwest Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Oct-22-11 02:24 PM
Response to Reply #2
4. Can't do it that way...
Social Security payments are not the same for all, and the Medicare premium increase can not out pace the benefit hike for anyone. So it can not be 'at least' and can not be 3.6% of any one number. Beneficiary A gets more than twice what Beneficiary B gets. Medicare premiums are the same for all. Knowing the rules helps deliver snark with meaning.
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dixiegrrrrl Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Oct-22-11 03:04 PM
Response to Reply #4
8. According to post # 5, premiums are not the same for everyone.
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Imagevision Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Oct-22-11 01:47 PM
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3. This year when you change medicare you end up with $96.40 more per month and Plan B is now a freebee
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Old Codger Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Oct-22-11 02:47 PM
Response to Reply #3
5. Would love
A link to that one for sure, the SS news says 3.6% raise for SS, and maybe $10 raise for part B medicare... .

For 2012, the premium is projected at $106.60 partly because the pool of seniors subject to higher premiums will be so much larger. Oddly enough, that will mean lower premiums for the 25 percent of seniors who fall into the high- or low-income groups or for those who enrolled for the first time this year and are paying the $115.40 premium.

http://blogs.reuters.com/reuters-money/2011/10/12/medic...
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dixiegrrrrl Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Oct-22-11 03:01 PM
Response to Reply #3
7. Could you explain that a bit more for me pls?
How did you come to the 96.40 more per month ?
and how is Plan B now a "freebee"?

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PETRUS Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Oct-22-11 03:00 PM
Response to Original message
6. The short answer is yes. But
Edited on Sat Oct-22-11 03:01 PM by PETRUS
if you are interested in staying informed, I would recommend following this blog:

http://www.cepr.net/index.php/blogs/social-security-mon... /

The most recent article talks about the push to calculate the COLA based on chained CPI rather than CPI-W and how that would affect this.

It's also a good site for keeping on top of misinformation and misdirection about Social Security, which is rampant.
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