📋 How Inflation Can Affect Your Medicare Premiums (AARP Article)

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📋 How Inflation Can Affect Your Medicare Premiums (AARP Article)

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How Inflation Could Affect Medicare Premiums in 2025.

Breaking down Part B premiums and how Social Security’s COLA can play a part in costs.

By Kimberly Lankford, AARP. Published September 27, 2024.

Every fall, older Americans await the Social Security cost-of-living adjustment (COLA) and Medicare Part B premium announcements, which can affect next years’ budgets significantly.

The COLA is based on year-to-year changes in the consumer price index for Urban Wage Earners and Clerical Workers (CPI-W) for July, August and September. After the Bureau of Labor Statistics announced the figures for August, some experts predicted the 2025 Social Security COLA could increase benefits around 2.5 percent, although real figures won’t be announced until October.

https://www.aarp.org/health/medicare-insurance/info-2024/how-inflation-affects-medicare-premiums.htm...

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