Detroit, Michigan – E be like say retirees wey dey collect Social Security for America go need plenty jujutsu for 2026 as dem dey face palava with Medicare premium wahala. For late October, dem don announce say average Social Security retirement benefits go see small increase. But fast-forward to November, dem hear say Medicare Part B standard premium don waka enter $202.90 per month!
No be small matter oh! This mean say that average $56 increase wey retiree suppose see for Social Security fit fit transform to around $38 only (Na only God sabi wetin dem go do with that kind small change). The gist be say sharp folks don catch say CMS, wey dey handle Medicare, don drop their info wetin show say dis premium sharp rise na second highest for history of di program.
Now, make we break am down: Medicare Part B dey cover plenty important service like doctor visits, outpatient care, and other health services. But the wahala wey dey happen be say those wey dey collect small Social Security benefits fit dey catch dem hand for fees wey dem no bargain for.
According to Mary Johnson wey sabi pass, di increase for Part B fit swallow di whole adjustment for people wey collect like $640 or less monthly as dem go dey protected from losing their benefits through what dem dey call di hold harmless provision. Na only di people wey dey enjoy small COLA go dey safe from this wahala, while others go need look for extra coins join their pottage.
So, e get as e be: those wey dey collect small Social Security benefits fit end up seeing small increase while those wey fit pay more for their Medicare premium, especially families wey dey earn higher, go still dey chop plenty. Na wetin dem dey call ‘income-related adjustments’. If your income pass $109,000 for single, or $218,000 for married, abeg, just prepare your pocket for wahala!
As dem don talk, only about 8% of people wey dey use Medicare Part B go dey face dis higher costs, but dis higher rate fit still gi them plenty reasons to worry. Dem say beneficiaries wey fit pay more dey go fit drag their Part B premium from $202.90 to as high as $405.80 per month if dem income reach certain level.
To cash out this gist, e go better make retirees sharp up and plan ahead for wetin dey come in 2026. E no dey easy at all, and we go dey watch how dis matter go unfold. For now, make we just sip palm wine and gist about di next move!
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