42% of Medicare Beneficiaries Will See Their Part B Premiums Rise by 23% in 2018
The fourth quarter is an important time of the year for senior citizens. It's when they find out what, if any, raise they'll be receiving from Social Security, as well as how much extra, if any, they'll owe in monthly premiums to Medicare.
Though the two programs might seem to be independent of one another, they're linked at the hip in some respects. In fact, because of a Medicare quirk known as "hold harmless," around 70% of seniors may not see much, or any, of their Social Security cost-of-living adjustment (COLA) in the upcoming year.
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Source: Fool.com
