Medicare part B premium increase in 2021 for Social Security retirement, disability, survivors, SSA, SSDI

In this video, Matt discusses the increase to Medicare part B premiums for 2021 and how it will impact your Social Security retirement, disability, and survivors benefits. Matt discusses the premium for Medicare part B and how it will impact your Social Security payment in 2021 along with the increase. The cost of living adjustment is 1.3%, but calculating back in the increase to Medicare part B premium for 2021 and Social Security recipients, the increase is actually significantly less than the advertised COLA. This is for Social Security retirement, Social Security disability, Social Security survivors, and Social Security widow beneficiaries this is in reference to the increase in premium for Medicare part B.

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#SocialSecurity #SSDI #SSA