Tuesday, October 24, 2023

COLA for Social Security

 I wanted to lock down a couple numbers we’ve been guesstimating about recently. The Social Security COLA came through with a raise of 3.2%, so the average increase is $50. So, we all know the drill, that means the Standard monthly Medicare Part B premiums will go up by $9.80 to $174.70 in 2024, up from $164.90 in 2023. The annual deductible for Medicare Part B will be $240 in 2024, a $14 increase from the $226 annual deductible in 2023. And if you need some assistance during Open enrollment for Medicare I am here to help. Call 855-22 money, that's 855-226-6639 or go to yoursafemoneyshow.com.

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