How 2018 Social Security COLA Affects Part B enrollees

Posted by & filed under Medicare, Retirement, Social Security.

On Friday, the Social Security Administration announced that the cost-of-living adjustment (COLA) for 2018 will see a 2 percent increase in benefits from 2017, resulting in the largest adjustment since 2012. The increase will affect more than 69 million people, including more than 8 million Supplemental Security Income recipients. They’ll receive roughly $27…