COVID19 could do a number on 2021 Social Sec…

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 not fall. The hold-harmless provision applies to the 70 percent of the Medicare population enrolled in both programs.

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