SSA announces 1.7% Cost of Living Increase for 2015

Cost of Living Adjustment (COLA) was announced recently for 2015 benefits.  According to the SSA website:

Based on the increase in the Consumer Price Index (CPI-W) from the third quarter of 2013 through the third quarter of 2014, Social Security and Supplemental Security Income (SSI) beneficiaries will receive a 1.7 percent COLA for 2015.

Part B premium for Medicare will remain unchanged for 2015.  This link provides further details and comparisons of 2014 and 2015 Medicare costs.

Oct 15 – Medicare Open Enrollment Begins

medicare logoSpriteYou don’t have to retire to receive Medicare benefits.  In fact, you can even apply online.  Here is a link to more details and a good article http://www.medicare.gov/sign-up-change-plans/get-parts-a-and-b/when-sign-up-parts-a-and-b/when-sign-up-parts-a-and-b.html  One feature involving Medicare is “open enrollment.”  That date will be upon us soon – October 15.  For more information about this go to http://www.medicare.gov/Pubs/pdf/11219.pdf