The 2023 Social Security COLA Outlook Just Changed

It’s safe to say that the 2023 Social Security COLA will be unlike any other we’ve had in history. What’s different about this one is the confluence of the COLA and changes to Medicare Part B premiums. We could be moving into a time period where we have a large cost of living increase to Social Security, and a DECREASE to Medicare premiums. I’ve already talked about this briefly in another video, but now I’ve taken the time to break this down so I can help you understand what’s likely to happen and WHY this is going to happen and be sure to stay until the end because I’m going to tell you how this could set you up for a BIG surprise in 2024.

– Explained by Devin Carroll, RSSA

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