So if you get about 400 a month in SS then the 5.6 percent cola gets eaten by the 22 dollar premium hike. Figures.
Average SS benefit for someone in the 65-75 range is about $1,500. That $90 monthly bump already sees a $22 subtraction for Part B. I think Part D increases will chop another $10 off of that. If you have a supplemental plan, those costs are going up. Add in the increases in food, home and vehicle energy costs, and the average American will be going backwards under Brandon in 2022.