COLA Coming -- But Will Medicare Premium Increase Gobble It Up?

 From the Baltimore Sun:

After two years without seeing an increase in their Social Security checks, more than 59 million retirees and other beneficiaries can expect a bump up in benefits next year.

The Social Security trustees' annual report released this month estimates that the cost-of-living adjustment in next year's checks will be 0.7 percent. The increase, which will be announced in October, could be higher, depending on where prices head in the coming months.

Still, experts say, retirees could see all or some of that raise eaten up by higher Medicare premiums.