News Headlines Article

Medicare premiums may offset Social Security hikes
San Francisco Chronicle

Seniors receiving Social Security retirement benefits will get a 3.6 percent cost-of-living adjustment in 2012, their first increase since 2009.

For a senior getting the average benefit of $1,186 a month this year, the increase works out to about $43 a month, or $516 a year. “Given what else is going on in the economy, with lost savings and pensions, lower home values, higher health care costs (and paltry returns on fixed-income investments), $500 is going to be some welcome relief,” says David Certner, legislative policy director with AARP.

Commands