There’s a Social Security Administration law that says that if they fail to boost the annual cost of living adjustment in any given year, they can raise the cost of Medicare for wealthier subscribers. Since the SSA has announced that there will be no cost of living adjustment for 2016, more than 15 million United States seniors will face a premium jump from $104.90 to $159.30 or more. This is because of a little known law that punishes wealthier Medicare users when that adjustment is not made.
The only way this can be avoided is if Congress or the Health and Human Services Secretary Sylvia Matthews Burwell intervenes. If you want to weigh in on this issue and try to stop the increase, contact your congressman immediately.
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