COLA will be 1.3% for US federal retirees. Social Security, VA compensation, Military retirement and Federal Civil Service retirement.
I don't know how much Medicare is going up (if at all) so if you only get Social Security you might not see an increase.
Retire COLA
Moderators: HopefulSSer, admin
Retire COLA
John & Mary Burger
Eagle's Lair Woodshop
Hooper, UT
Eagle's Lair Woodshop
Hooper, UT
Re: Retire COLA
Thanks, John. There's a chart showing the Part B premium increase based on income levels at cms.gov. I'll paste the link below, but for most persons it looks like the Part B premium is going up about $4 per month.
https://www.cms.gov/newsroom/fact-sheet ... eductibles
https://www.cms.gov/newsroom/fact-sheet ... eductibles
Re: Retire COLA
Cool, thanks. Looks like everyone will see a small raise then. For me and my wife with my SS, civil service and military retirements and my wife's civil service retirement we will see somewhere between $90 and $100 a month total.rogersk wrote: ↑Mon Dec 14, 2020 3:39 pm Thanks, John. There's a chart showing the Part B premium increase based on income levels at cms.gov. I'll paste the link below, but for most persons it looks like the Part B premium is going up about $4 per month.
https://www.cms.gov/newsroom/fact-sheet ... eductibles
John & Mary Burger
Eagle's Lair Woodshop
Hooper, UT
Eagle's Lair Woodshop
Hooper, UT