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Rising Medicare premiums are eroding Social Security cost-of-living increases for retirees.

Market News
01 Jun 2026
247 Wallst
View Source
Bearish
pluang ai news

Social Security beneficiaries received a 2.8% cost-of-living adjustment (COLA) in 2026, but rising Medicare Part B premiums significantly reduced the net benefit increase. The Part B premium rose from $185 to $202.90, consuming about one-third of the COLA increase, leaving many retirees with less additional income despite the adjustment. This trend highlights the challenge retirees face as healthcare costs rise faster than Social Security benefits, making it important for seniors to review Medicare plans annually and consider supplemental income sources to manage expenses.

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