COVID19 could do a number on 2021 Social Security COLA and Medicare premiums

Next year we could see one of those odd “hold harmless” premiums for Medicare Part B - that is, a year when the premium increase is larger than the Social Security cost-of-living adjustment (COLA).

By law, the dollar amount of the Part B premium increase cannot exceed the dollar amount of the COLA, a feature that ensures net Social Security benefits do…