Social Security Benefits May Decrease in 2035 Due to Rising Medicare Premiums
A report from the Joint Economic Committee warns that rising Medicare premiums could significantly reduce Social Security benefits by 2035. While trust fund shortfalls are a known issue, increasing Part B premiums—driven by overpayments to Medicare Advantage plans—are expected to cut per-person costs in half and shrink overall retirement checks.
Topics: Medicare premiums retirement Social Security benefits