COLA for 1012 Will Be Consumed by Medicare Increases

There hasn’t been a cost-of-living adjustment, or COLA, for Social Security recipients since 2009. The government is projecting a small COLA for 2012, but a spike in Medicare premiums that are withheld by the Social Security Administration is expected to erase the 1.2 percent increase.

The Medicare rate hike would affect about 45 million Americans who receive Social Security and Medicare Part B, which covers doctor visits and other outpatient services. About 2 million Ohioans who receive an average monthly check of $1,067.86 would see their Medicare premiums rise, including Centerville resident Leonard Koogler, 85. See story from Dayton Daily News here: