Some folks have cursed COVID-19. Some have lived in seclusion for the past eighteen months or more, and some have found new friends, opportunities and made a way out of no way! Throughout the past year and a half, I have had the opportunity to watch good people rise to the top and lend a helping hand to neighbors, friends, strangers, and, yes, to family.
My family knows firsthand about the devastating results of COVID-19 and the Delta variant. Many of us have not taken full advantage of the situation to draw closer to each other, but COVID-19 has changed us in many ways. There are still lessons to be learned.
And, I have seen federal, state, county, and municipal governments rise to the occasion on many levels. I have also seen them drop the ball, and on many occasions, are still dropping the ball, but here is one that will help many of our seniors and others on social security.
The Social Security Administration (SSA) will be increasing social security benefits by 5.9%. There will also be an increase in Medicare coverage.
The COLA is only one part of the annual financial equation for seniors. An announcement about Medicare’s Part B premium for outpatient care is expected soon. It’s usually an increase, so at least some of any Social Security raise goes for health care. The Part B premium is now $148.50 a month, and the Medicare trustees report estimated a $10 increase for 2022.
Click on this link for the full story.
https://wtop.com/government/2021/10/social-security-cola-largest-in-decades-as-inflation-jumps/
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