2017 COLA - Slight increase possibiliby
Trustees: Tiny rise in Social Security benefits next year
Jun 22, 3:47 PM (ET) WASHINGTON (AP) — Millions of Social Security beneficiaries would get a tiny increase in monthly payments next year — less than $2.50, about enough to buy a gallon of gas. Meanwhile, Medicare is expected to go bankrupt sooner than expected — 12 years from now. And some beneficiaries could face higher monthly premiums next year. :mad: FULL ARTICLE LINK SIDEBAR: Well, it's better than nothing!!! :p :hug: |
We are getting a whopping 0.02% increase! :(
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Well, I've got some financial planning to do now!! :p
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don't spend it all in one place
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where do you look to see if you are getting a raise
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i got my statement today. the miniscule raise we are getting is entirely used to pay a medicare increase. i am not getting a cent more than last year. yet another year with no raise.
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Why or how in the world people think you living high on the hog getting SS is beyond my grasp! |
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We are in strange times. |
Rep. Sam Johnson (R-Texas), chairman of the House Ways and Means Committee’s Subcommittee on Social Security, released a plan Thursday to reform Social Security that would drastically reduce benefits. The bill would make the program less of a universal earned benefit and more of a means-tested safety net that aims only to provide basic support to the poorest retirees and disabled workers.
Top House Republican Unveils Plan To Gut Social Security | The Huffington Post |
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Hi there
It's fine to discuss COLA etc here, and we give a lot of leeway on this important issue, but please remember to limit political posting so as to avoid any partisan disagreements. Thanks. Quote:
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Call me a fool.....But if some one is trying to pull a fast one on me or any other disabled person here......I will scream at the top of my lungs.....Life is hard enough, dont make it harder!
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i dont know what your husbands specifics are but in my case, i dont think i will be getting a raise for quite some time. With this increase im paying $113 a month. However, the actual rate for Medicare has gone to $134 a month. They have not been able to charge the previous two increases in Medicare to those receiving Social Security or SSDI because we have not gotten a raise in the previous two years. If there is no raise they dont charge you at that time for the raise in Medicare because your check cannot be decreased. If you get a small raise they take the whole thing,but they still dont take more than you originally were getting before the raise. So we actually have a deficit. What is happening now and will happen into the forseeable future is that any raise we get will be eaten up by our Medicare deficit, until you reach the minimum that Medicare charges. Of course in the meantime Medicare will continue to go up, so I'm starting to wonder if or when we will really get a raise at all. The reason we are in the predicament is because of all of the years of zero % raises we have gotten in the last decade because of how they calculate the COLA.
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i'll throw this out there since no one is contributing any information here at this point. Have any of you reading this and on social security or ssdi, gotten an actual raise in the amount you receive this year or was the increase totally eaten up in the medicare increase also as it was for me and others. ?
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0.3% and they ate the entire thing for Medicare. Ugh...
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Totally eaten up in the medicare increase. I am getting the exact same amount as I did in 2016.
Also, in 2016 I switched from SSDI to SS. :grouphug: |
I am getting ten dollars less per month and my part d went up 25 bucks.
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