(Washington)-recently. About 550000 of the next year the social security recipients will get their welfare increase, since 2009-a 3.6% increase. But higher medical treatment insurance premium, can remove part of it.
For some higher medical insurance in part B premium can destroy as many as they improve social security from fourth, according to the trustee of the monitoring plans for prediction.
Medical insurance, early next week is expected to released the 2012 part B premium. The monthly social security contributions from the insurance cost, including the doctor visit, automatic deduction.
Social security agency announced on Wednesday that a raise, hundreds of thousands of 1 million of thousands of retirees and disabled people to provide a comfortable measures, many of whom had seen their retirement account, shrinking, the fall in the value of the house, medical treatment charge pocket the rise of in the next few years, since the last time increased.
Since January next year, the 55 million social security recipients will be increased, every month on average $39, or for more than $467 a year. In December, more than 8 million people received added security income, for poverty disability scheme, will rise by an average of 18 yuan, is about 216 yuan a year.
In all U.S. residents, 1 5 stand, from the cost of living adjustment, or cola for a raise.
The old supporters say, proposed the, is worth the welcome and overdue.
"This may be cold comfort, but once they see the medical treatment insurance premium of next year will have many tall, said:" the biggest Richtman, President and chief executive officer of the national council, in order to maintain social security and medical insurance.
The cost of living adjustment each year and released Wednesday inflation measures. Measures, this is in the 1970 s through the, produced no cola in 2010 or 2011, because inflation is too low. These coke no two in the first year, formulated in 1975, because automatically increase.
Average monthly social security contributions of $1082, or about $13000 a year.
Medical insurance, part B premium must pay each year 25% the cost of the plan. According to the law, they have been frozen in the level of 2009 about 75% of the beneficiaries, because there has been no social security contributions increased.
This means that the insurance cost rise has the other 25%, including new ginseng is protected, high income families and low-income beneficiaries, they have their medicaid, federal and state for the poor health care plan to pay for the insurance cost burden.
2009 years of land price level is $96.40 a month. Those who participate in the plan in 2010 most of the pay $110.50 a month, those who study in 2011 most of the pay $115.40.
In may this year, medical insurance the agent said they expected part B premium will be in 2012 years of $106.60 a month, the digital real insurance time consuming, may be changing. At this rate, about a quarter of the medical insurance beneficiary beneficiary will see their premiums down. The rest will pay $10.20 a month, on social security recipients of the average COLA fourth erased.
Obama government officials advise part B premium may be lower than projection, but revealed no amount.
"The government will announce the insurance cost, in the days ahead, we believe that this will relieve some of these issues," said the official, who did not wish to be named. The official was not authorized to talk about the upcoming public announcement.
AARP's executive vice President of Nancy LeaMond said coke ", emphasize the importance of social security, as most americans retirement income only guarantee, lifelong and inflation factor after the adjustment source."
"Unfortunately," she added, "announced increase (Wednesday) won't be completely ease their burden. Medical treatment insurance premium are also expected to rise. And many houses values fall, retirement savings account and the deep loss, as well as the health of the soaring cost of prescription drugs, to 1 million of thousands of older americans continue to struggle make ends meet."
The social security tax total wages will also go into next year, cause about 100000 workers in tax increases, the social security administration said. This year, the first $106800 salary is subject to the social security payroll taxes. Next year, limit will increase to $110100.
Workers pay wages, which is by the employer match the 6.2% social security tax. In 2011, the tax rate of workers reduced to 4.2%. Tax cuts expire at the end of this year, although President Obama wanted to expand and extend by one year, hard, congress is likely to approve.
The procedures prescribed by the federal law based on the increase of pay each year, the consumer price index for urban working person and clerical workers, or CPI-W. Officials in the third quarter a year consumer price comparison-July, August and September months-and the same month last year.
If a year from the consumer prices rise, social security recipients automatically be higher pay, in the following year 1 month. If prices fall, pay remain unchanged.
Social security contributions in 2009 increased by 5.8%, the largest increase in 27, 2008 years later, the energy prices. But energy prices fell rapidly, housing prices have become a national market in the soft, lower inflation in the past two years.
Therefore, social security recipients got in 2009 is far less than the increase of actual inflation rate is bigger. But, they can't get another increase, until the consumer price index more than 2008 years of measured level. In July, August and September's consumer prices rose by 3.6%, more than 2008 years of measurement, in coke.
Other News:
Medicare costs to reduce Social Security increase
Activists: Syrian forces fight defectors; 5 killed
Yahoo News live-blogging Las Vegas presidential debate with ABC News
Dirty facility tied to deadly U.S. melons
Stricken New Zealand ship may break apart or sink
Lions and tigers shot in Ohio; owner freed them
Long ties to Koch brothers key to Cain's campaign
Freed Israeli arrives for reunion with family