tag:blogger.com,1999:blog-19246708.post6923140933976496571..comments2024-03-29T02:05:50.350-04:00Comments on Social Security News: No Negative COLAUnknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-19246708.post-91706523707050039792009-03-16T21:32:00.000-04:002009-03-16T21:32:00.000-04:00"If there isn't any cost-of-living adjustment -- a..."If there isn't any cost-of-living adjustment -- and if you are currently receiving Social Security, are already entitled to Medicare Part B, and aren't subject to an income-related surcharge for Part B premiums -- by law your Social Security benefit can't be reduced, even if Part B premiums increase"<BR/><BR/>HI 01001.004 The Variable SMI Premium<BR/>https://secure.ssa.gov/apps10/poms.nsf/lnx/0601001004<BR/><BR/>So where does that leave Medicare Part B if most people aren't paying the full premium, since the premiums are used to finance the program.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19246708.post-86725447484741619112009-03-16T17:53:00.000-04:002009-03-16T17:53:00.000-04:00While there will not be a negative adjustment of S...While there will not be a negative adjustment of Social Security benefits based on deflation, it is possible that there will be no COLA increase next year if the CPI-W in the 3rd qtr. of 2009 is lower than the CPI-W was in the 3rd qtr. of 2008.<BR/><BR/>See my blog post at "Social Security for Boomers for more on this issue.Anonymousnoreply@blogger.com