Washington, DC–(ENEWSPF)–October 16, 2015.
SSA Announces 0% COLA in 2016, Triggering Major Cost Increases for Medicare Beneficiaries
Social Security Administration (SSA) officials announced on Thursday that there will be no cost-of-living adjustment (COLA) for Social Security beneficiaries in 2016.
The announcement is particularly troubling because it triggers a premium spike and a major increase in deductibles for Medicare beneficiaries. If Congress does not act soon, the Medicare Part B premium could increase by 52%, to…
