Washington, DC–(ENEWSPF)–October 14, 2011. 

Social Security COLA Increase Finally Coming, but Offset by Medicare Premiums

After two years without an inflation adjustment, the Social Security Administration is expected to announce a 2012 cost-of-living adjustment (COLA) of more than 3 percent on October 19th. The annual Social Security COLA is determined by a formula that averages inflation for the third quarter, as reflected by the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W).…