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on
www.SeniorARK.com
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have been submitted by Seniors, to help Seniors and Caregivers Survive retirement!
From how to save money on
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SeniorArk is produced as a
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Medicare - SeniorArk Main Page
Social Security -
SeniorArk Main
Page
Go to:
The Medicare Part D Start Page
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The SeniorArk
Home Page is
where it's happening - FRESH EVERY DAY
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On this page you will find:
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-CPI-W Watch
(used
for 2010 increase--or none)*
-2010 Social
Security COLA Announced
*
-2009 Social
Security COLA Announced
*
-2010
Medicare "B" Premium Announced
*
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Special Note to Seniors:
Welcome to SeniorArk! Thousands of you are finding this page
while searching for COLA and Part B information.
After reviewing those
items, please take a couple minutes to have a look
around our site. We are a SENIOR
resource site like nothing you have ever seen.
Enjoy!
SeniorArk
Volunteers
www.SeniorArk.com
"Seniors
helping Seniors meet the challenges in retirement"
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Can you guess what the average Senior
receives monthly in Social Security benefits?
Click for Answer
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2010 Social Security COLA (no
cost of living adjustment)
(Read:
Explanation of exactly how the COLA is figured)
October
15, 2009, (September CPI-W)
On a seasonally adjusted
basis, On a seasonally adjusted basis, the
CPI-U increased 0.2 percent in September after
rising 0.4 percent in August. The index for all
items less food and energy increased 0.2 percent
in September after increasing 0.1 percent in
August.
However, there was a net
decrease in the CPI-W July-September 2009,
compared with the same period in 2008. This means
there will be no change in the Social Security
payments in 2010. Even so, some Seniors' checks
could be affected.
How will this affect my
check?
Also read Obama's proposal
made 10-14-09, on a way to give Seniors
approximately a 2% increase in 2010. See article
in the "NEWS" section on our
Home Page.
SeniorArk.com
"Seniors
helping Seniors meet the challenges in retirement" |
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* 2009 Social Security COLA (cost of living adjustment)
(Read:
Explanation of exactly how the COLA is figured)
October
16, 2008, (September CPI-W)
On a seasonally adjusted
basis, the CPI-W decreased 0.1 percent (1/10 of one
percent) in September, following a 0.9 percent
increase in July, and a .2 decrease in August.
The final CPI-W increase from
the 3rd quarter of 2007 to the 3rd quarter of 2008
is
5.8%, on a seasonally adjusted basis. This is
the number that has now been used to announce the
2009 Social Security COLA.
How will this affect my check?
SeniorArk.com
"Seniors
helping Seniors meet the challenges in retirement" |
Despite a small increase, at least five
million people aged 65 and over will remain in poverty, since
senior costs are rising significantly faster than the annual
Social Security Cost of Living Adjustment (COLA).
See:
What
is the CPI, how is it figured, and why the heck do I
care??
and:
Does the CPI reflect what
Seniors must actually spend?
and:
Explanation of exactly how the
2009 COLA was figured
and:
He supports
fair Social Security
Increases to
Reflect Seniors' Higher Costs of
Living
and:
A simple explanation of inflation
and CPI
SeniorArk.com
"Seniors helping Seniors
meet the challenges in retirement"
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*Medicare
Part "B" Premium: No increase for 2010
October 15, 2009
The standard monthly premium
for Medicare will not increase next year, the federal
government has announced.
Premiums for Part B coverage,
which pays for physician and outpatient care, some home
health services and medical equipment, will remain $96.40 a
month for the third year in a row, the Centers for Medicare and Medicaid Services (CMS)
said. Medicare insures the nation's elderly and disabled.
This premium cannot increase
for most Seniors, by law, if there is no increase in the
COLA.
The standard rate applies to
individuals with income below $85,000 a year.
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The 2009 Part B monthly premium rates
to be paid by beneficiaries who file an individual tax
return (including those who are single, head of
household, qualifying widow[er] with dependent child,
or married filing separately who lived apart from
their spouse for the entire taxable year), or who file
a joint tax return are:
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Beneficiaries who file an individual tax return
with income: |
Beneficiaries who file a joint tax return with
income: |
Income-related
monthly adjustment amount |
Total monthly
premium amount |
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Less than or equal to $85,000 |
Less than or equal to $170,000 |
$0.00 |
$96.40 |
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Greater than $85,000 and less than or equal to
$107,000 |
Greater than $170,000 and less than or equal to
$214,000 |
$38.50 |
$134.90 |
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Greater than $107,000 and less than or equal to
$160,000 |
Greater than $214,000 and less than or equal to
$320,000 |
$96.30 |
$192.70 |
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Greater than $160,000 and less than or equal to
$213,000 |
Greater than $320,000 and less than or equal to
$426,000 |
$154.10 |
$250.50 |
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Greater than $213,000 |
Greater than $426,000 |
$211.90 |
$308.30 |
In addition, the monthly premium
rates to be paid by beneficiaries who are married, but
file a separate return from their spouse and lived
with their spouse at any time during the taxable year
are:
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Beneficiaries who are married but file a
separate tax return from their spouse: |
Income-related
monthly adjustment amount |
Total monthly
premium amount |
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Less than or equal to $85,000 |
$0.00 |
$96.40 |
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Greater than $85,000 and less than or equal to
$128,000 |
$154.10 |
$250.50 |
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Greater than $128,000 |
$211.90 |
$308.30 |
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