Medicare costs to reduce Social Security increase

October 20, 2011 • National News

FILE – In this Feb. 11, 2005 file photo, trays of printed social security checks wait to be mailed from the U.S. Treasury’s Financial Management services facility in Philadelphia. About 55 million Social Security recipients will get in 2012 their first increase in benefits since 2009, a 3.6 percent raise. But higher Medicare premiums could erase a big chunk of it. For some, higher Medicare Part B premiums could wipe out as much as a fourth of their raise from Social Security, according to projections by the trustees who Login to read more

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