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Old 10-18-2011, 09:48 AM   #1
Ozz
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Social Security Increase!!!!!

3.5%,
I'll take it!

Oh, it's coming in January:

WASHINGTON Social Security recipients will get a raise in January their first increase in benefits since 2009. Experts project the increase will be about 3.5 percent, and on Wednesday, about 55 million beneficiaries will find out for sure.

The annual cost-of-living adjustment, or COLA, is based on a measure of inflation that Congress adopted in the 1970s. Since then, it has resulted in annual increases averaging 4.2 percent.

There was no COLA in 2010 or 2011 because inflation was too low. That, however, has been small comfort to the millions of retirees and disabled people who have seen their retirement accounts dwindle and their home values drop during the economic downturn.
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Old 10-18-2011, 02:32 PM   #2
richfaa
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that also goes for federal Retirees but I will believe it when I see in in the pension check
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Old 10-18-2011, 02:36 PM   #3
SlickWillie
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Man am I glad....I spent the SS increase before I knew we were gonna get it!

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Old 10-18-2011, 02:47 PM   #4
Delaine and Lindy
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We all know the reason, there is no inflation, no more than in 2009,2010, but I will take what ever we recieve. However if the others would do the same I would donate the increase for the year to pay down the national debt. But I'm sure that want happen. Happy Trails....
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Old 10-18-2011, 03:19 PM   #5
Rondo
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Rich-- I'll believe it when I see it also! I'll send you what I got from another source also on the increase! Maybe that means the VA will also increase their checks!
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Old 10-18-2011, 03:47 PM   #6
scattershot
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That amounts to under $6.00 for me, maybe a burger at McDonalds?
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Old 10-18-2011, 09:11 PM   #7
CasaDelSol
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We will wait to hear...federal pension, social security and VA increases will all help the Cutlers!!!
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Old 10-19-2011, 02:30 AM   #8
indy roadrunner
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Don't be buying any Monty's on your increase, I bet the Medicare cost is going to go up the same amount as the increase.
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Old 10-19-2011, 04:04 AM   #9
Wayne and Carolyn Mathews
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I did see a headline this morning announcing an increase in Social Security BUT also saw another headline saying that Medicare costs may also increase due to the USPS plan to raise stamp prices.

Of course.

Carolyn

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Old 10-19-2011, 04:59 AM   #10
PapaBeav
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Currently, the projected Medicare Part B Standard Premiums are $108.20 for 2012, $112.10 for 2013 and $117.10 for 2014.

But what people are taking about is that premiums in 2012 will go up from $96.40 to $104.20. In 2013 it says premiums will rise to $120.20 and in 2014 they will be hiked up to $247.00.
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Old 10-19-2011, 06:46 AM   #11
mail2us
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Cost of Living Allowance (COLA) was announced officially today to be 3.6%.

It will no doubt be given to Social Security, Military, VA, and Federal retirees with some different forumala for different Federal categories.

Medicare Part B Premiums are to be announced next week and will no doubt increase.

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Old 10-19-2011, 07:14 AM   #12
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GREAT! Now I can supersize my Big Mac Combo once a month!
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Old 10-19-2011, 11:42 AM   #13
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Old 10-19-2011, 01:10 PM   #14
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Well, as of 1 October the Tricare prescriptions, when bought at a civilian pharmacy, went from $3.00 to $5.00. Isn't that like a 67% increase in just one area? Non formulary drugs went up acordingly and so did Brand name drugs not in the Tricare formulary. If you sign up for the Tricare home delivery program the standard generics are free for a 90 day supply. What gives with that? Remember the old saying, "The tax man giveth and the tax man taketh away".
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Old 10-19-2011, 02:22 PM   #15
carl n susan
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In this case, the Tax Man is trying to motivate a change in your behavior. Get your prescriptions by mail and they don't need the sticks and bricks along with the people working there (or at least they will need fewer).
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Old 10-20-2011, 06:31 AM   #16
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Some balance offered here that Tricare (Express Scripts) also has some free generics.
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Old 10-20-2011, 08:23 AM   #17
kdeiss
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We appreciate SS and Medicare as did our Parents and Grandparents and looking forward to our increase
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Old 10-23-2011, 11:45 AM   #18
RVWheels
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Several posters strayed into the realm of politics and their posts have been removed. Please refrain from posting political statements. Thank you for your attention to this matter. RVWheels
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Old 10-23-2011, 06:33 PM   #19
Waynem
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Aw shux! I missed the politic posts. Oh well. I hope it wasn't on the House retirement or SS. Most of that is false as being reported.

I pay $115 and some pennies times 2 (me ad wife) so 230 a month on Medicare part B. I wonder why others may be paying less.

Happy trails.
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Old 10-24-2011, 07:47 AM   #20
mail2us
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Wayne,

this Medicare answer may help answer your premium question.

Dennis

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