The Big COLA LIE…

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.

source

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.