Every October, the Social Security Administration announces a cost-of-living adjustment for the next year's benefits.
Data collected thus far point to a 2.8 percent increase, which would be the highest increase retirees have seen in recent years.
While that increase could pad your wallet, the high costs of health care could affect how far your Social Security checks can stretch.
The Medicare Part B premium for 2019 will not be announced until after the Social Security Administration announces the cost-of-living adjustment in October. The most recent estimates indicate those premiums for many recipients will cost $135.50 in 2019 -
I think they are pretty close on the COLA % - 2.8% but have no idea if this is a close estimate on the regular Medicare Part B premiums. CMS did initiate some cost savings programs that might make some difference in 2019; hopefully more in later years, on holding down cost in the SMI or Part B of Medicare without affecting any benefits.
Guess we will know for sure in the next few weeks - Stay Tuned!