Social Security Retirees See Reduced Net Benefit from 2026 COLA Due to Rising Medicare Premiums

The 2026 Social Security Cost-of-Living Adjustment (COLA) of 2.8% increased average monthly benefits by $56, but rising Medicare Part B premiums consumed a significant portion of this increase. The flat-dollar premium structure disproportionately affects lower-income retirees, with the increase eating up roughly 32-43% of COLA gains.

By Michael Williams Fri, May 29, 2026 at 1:15 PM GMT+3 5 min read · Yahoo Finance · May 29, 2026, 10:15 UTC

Topics: COLA (Cost of Living Adjustment) Medicare Part B premiums Retiree finances Social Security

Read the full article at Yahoo Finance

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