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Updated: Wednesday October 22, 2014


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Medicare - SeniorArk Main Page             Social Security - SeniorArk Main Page

Go to: The Medicare Part D Start Page


Social Security Benefits to Go up by 1.7 Percent

ABC NEWS - October 22, 2014 - Millions of older Americans who rely on federal benefits will get a 1.7 percent increase in their monthly payments next year, the government announced Wednesday.

It's the third year in a row the increase will be less than 2 percent.

The annual cost-of-living adjustment, or COLA, affects payments to more than 70 million Social Security recipients, disabled veterans and federal retirees. That's more than a fifth of the country.

The increase amounts to about $20 a month for the typical Social Security recipient. (MORE)

 2015:   October 9, 2014 - MEDICARE PART B PREMIUM -  Secretary of Health and Human Services (HHS) Sylvia Burwell announced today that next year’s standard Medicare Part B monthly premium and deductible will remain the same as the last two years. This leaves more of seniors’ cost of living adjustment from Social Security in their pockets (read details)

For graduated increases, based on income, see: http://www.medicare.gov/your-medicare-costs/part-b-costs/part-b-costs.html        


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valuable links to additional information


Despite a small increase, at least five million people aged 65 and over will remain in poverty, since senior costs are rising significantly faster than the annual Social Security Cost of Living Adjustment (COLA).


         See: What is the CPI, how is it figured, and why the heck do I care??

 and: Does the CPI reflect what Seniors must actually spend?


 and: A simple explanation of inflation and CPI


 and: Simple explanation of ABCD Medicare Parts


 and: Making decisions on Medicare Advantage, Medigap, Part D




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