Medicare Premium Hike Could Erase a Slice of Retirees’ 2027 Social Security Raise
Retirees may see part of their 2027 Social Security cost-of-living increase absorbed by higher Medicare premiums, limiting the net benefit of the annual adjustment. The issue is drawing fresh scrutiny after the Social Security Administration confirmed a 3.6% benefit increase, while analysts warn that rising health-care costs could leave many older Americans with only a modest gain in take-home income.
