Quote:
Originally Posted by Babyboomer15
Just read this at Yahoo News. Looks like there will be a raise for the first time since 2009 but because of rising Medicare costs,there will be little leftover for a COLA. Another thread says that SSDI will be running out of money shorty,which is a bunch of nonsense. Why would there even be talk of a COLA if there is no money in the pot???
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COLA was written into the law. The COLA is not like a dividend, paid out when the "pot" has extra money: it is indexed to the consumer price index and cost of living index.
And I personally think that Medicare premiums should be indexed to the level of your SS payment. I am not sure how that would work, but it would at least be proportionate to what you receive in SS benefits.