Excerpts from Henry J Kaiser Foundations Research Oct 14,2009
Social Security recipients are not expected to receive a cost-of-living adjustment (COLA) for the first time in 2010, with no or low COLAs projected through 2012.
This issue brief, based on the most recent projections of the Medicare and Social Security Trustees, explains the relationship between the Social Security COLA and the Medicare Part B premium.
Not all Medicare beneficiaries will be affected. About three in four Medicare beneficiaries are protected by a “hold-harmless” provision in the law Thus, the higher premiums would fall on the remaining one quarter of beneficiaries — with monthly premiums expected to rise from $96.40 this year to $120.20 in 2011.
Medicaid would pay the cost of the monthly Part B premium, increasing Medicaid costs for states.
read complete brief
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