THIS YEAR SENIOR CITIZENS WILL GET NOTHING BECAUSE MEDICARE SUCKED UP ALL THE 2 PERCENT INCREASE…
So just in time for the election on Tuesday…
Senior Citizens find out that the 2 percent raise that they were looking forward to getting is not actually going to happen at all.
So, folks get out and vote in the special election because we need someone in Washington that understands what it is like to be railroaded over and over again and this makes the sixth year that seniors have been done dirty by the congress and the government.
Basically what happened over the last six years is that the cost of goods services rose 30 percent but Seniors got nothing at all, only a very small percentage .03 percent out of 100 percent got anything at all.
This is so wrong…
But on the bright side you really cannot save money on your insurance at all.
The other bright side is that the government gets to say that inflation is not that bad at all.
LOL what a crock…
1. It’ll get eaten up by Medicare
Retirees whose Medicare Part B premiums are deducted from their Social Security payments are subject to a “hold harmless” provision that prevents their benefits from getting slashed when Medicare costs climb too high. Last year, countless seniors were protected by that provision, and as such, most Medicare enrollees currently pay $109 toward their Part B premiums, even though the standard premium amount this year is $134. But now that Social Security is going up, those who benefited from that provision will start paying an extra $25 toward their Part B costs, thus negating the option to get their hands on that money. In fact, the Senior Citizens League reports that about 70% of retirees won’t really see an income increase in 2018, because that money will be eaten up by Medicare.
2. Your benefits won’t actually keep up with inflation
The purpose of Social Security COLAs is to help seniors keep pace with inflation. But historically, they’ve failed to do that. Over the past four years, 90% of seniors have seen their household spending increase at a significantly higher rate than their retirement benefits. Furthermore, because senior healthcare costs are projected to rise at a rate of 5.47% per year going forward, a mere 2% increase, even if implemented year over year, won’t do much to help retirees cover what’s often their single greatest expense.