Social Security COLA up 2.5% for 2025…Medicare Part B projected to jump 5.9%

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The 2.5% cost of living adjustment reflects a steady decline in inflation. However, it looks like the standard Medicare Part B premium is going up almost 6%!

That likely doesn't mean you'll see a smaller Social Security check in January, but if you're wondering how this will affect you we will walk through the following in this video:

-Does the COLA affect when we should claim our Social Security benefits?

-How does this jump in the cost of Medicare Part B affect my Social Security check?

-How will this COLA affect the taxes we pay on our SS benefit?

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