Social Security woes could jolt retirees next year

(By – Reuters)

Retirees could receive a double whammy next year: no inflation adjustment in their Social Security benefits and a whopping 52 percent jump in certain Medicare premiums. The Medicare premium hikes will hit only 30 percent of beneficiaries: those who are not protected from a “hold harmless” provision in federal law that prohibits any premium hike that produces a net reduction in Social Security benefits. Read more…

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