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Social Security Check Pay-Outs to Increase in January 2012

BY: Metro Source Staff | November 01, 2011

Recipients of Social Security benefits will receive a cost of living adjustment of 3.6 percent as of January 2012. About 55 million retirees will benefit.

Those who receive Social Security may only see a small increase in their checks, however, because Medicare B premiums are expected to go up.

It is expected that a person receiving the average monthly Social Security benefit, currently $1,177, should receive a check for $1,218. The Medicare Part B premiums are predicted to rise by at least $10.20 a month, reducing the annual COLA increase from 3.6 to 2.63 percent for a person receiving the average check.

“When you consider that Social Security beneficiaries have not had an increase in two years and during that time gas prices have skyrocketed, so the cost of everything which has to be delivered to a store has also gone up, the COLA increase is definitely needed,” said Jeffrey Freedman, senior partner, Jeffrey Freedman Attorneys at Law.

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2011-12-19 | 02:44:47
/MEDICARE/Gov Offset
I do not understand why Medicare just bluntly sends u a letter stating We will be TAKING $115.97 from my SS that is only $412. as I DO NOT WANT MEDICARE then it goes on to say I can APPEAL...since when do we NOT have the freedom of Choice FIRST without having to APPEAL for our own money??Then it says it might take at least 60 day?? Do I get that $$$ BACK?? Government Offset took 3/4 of my SS..I worked from 1966-1981 paying in then11981-2005 worked for USPS/non SS...2007-2011 paying SS..because I worked for the Post Office I only get 1/3 of SS--SUCKS BIG TIME as I was accepted for Widows pay BUT can not draw becauses I WORKED For the P.O.