Book Detail
Edition:
Release: 2010-10-29
Publisher: Congressional Research Service
Binding: Kindle Edition
ISBN/ASIN: B005UGWE8A
Format: hardcover, kindle, PDF, EPUB
Interactions Between the Social Security COLA and Medicare Part B Premiums pdf
Description
On October 15, 2010, the Social Security Administration announced there will be no Social Security cost-of-living adjustment (COLA) in 2011. In addition, there was no Social Security COLA in 2010. The last positive Social Security COLA took effect in January 2009 and was 5.8% for all of 2009. Meanwhile, over the past five years, Medicare Part B program costs have increased an average of 8.3% per year and are expected to continue to grow. By statute, Part B premiums, which are automatically deducted from Social Security checks for those who receive Social Security, must cover 25% of projected Part B costs for aged beneficiaries. The Social Security Act includes a provision that holds most Social Security beneficiaries harmless for increases in the Medicare Part B premium: affected beneficiaries’ Part B premiums are reduced to ensure that their Social Security checks do not decline from one year to the next. In a typical year, the hold harmless provision affects a small fraction of ben Download Interactions Between the Social Security COLA and Medicare Part B Premiums for free via rapidshare, mediafire, 4shared, dropBox, uploading, fileserve
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