Will Medicare costs bomb you in 2016?

(By – Jennie L. Phipps, Bankrate.com)

Your Medicare costs will rise a lot or not at all in 2016. Don’t panic. For about 70% of Medicare participants, Part B will stay the same as it has been for the last couple of years: $104.90. That’s because of the relationship between Social Security and Medicare. Inflation hasn’t been high enough to trigger a Social Security cost of living adjustment, or COLA, for 2016, according to predictions last month by Social Security’s trustees. Read more…

 

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