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totodeinhere

(13,686 posts)
Tue Jan 7, 2025, 11:49 AM Jan 2025

I was surprised to see my Social Security payment decrease this year.

It was reduced by about $30. I had thought that I would get a cost of living raise but instead it has gone down. I suspect that this might be because of a Medicare premium increase or something like that, but I'm not sure. I haven't been following this topic as closely as I should.

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I was surprised to see my Social Security payment decrease this year. (Original Post) totodeinhere Jan 2025 OP
Yep, Medicare premiums went up. I look to gain a bit over $2 from the SS cost of living raise after Medicare increase. Attilatheblond Jan 2025 #1
My supplement insurance went up as well. It goes up every year. n/t totodeinhere Jan 2025 #5
Log on to your account & find out. If you don't have an account, get one. CrispyQ Jan 2025 #2
Thanks. totodeinhere Jan 2025 #6
Maybe try setting up a Login.gov acct. CrispyQ Jan 2025 #12
Good idea. I will recruit my grandson. n/t totodeinhere Jan 2025 #13
You can set up text alerts, too, for when they send out notices. CrispyQ Jan 2025 #15
Getting one of those thumb print security keys to plug into the computer will help with secure connection. Attilatheblond Jan 2025 #16
I feel your pain. William769 Jan 2025 #3
not my experience stopdiggin Jan 2025 #4
Thanks, but I have a Medicare supplement plan that is billed separately. totodeinhere Jan 2025 #7
Medicare Part D is not really Medicare. It is your Drug Plan (which may be have Medicare in it's title but is private Nanjeanne Jan 2025 #14
Yes I chose the option to have Part D automatically deducted. n/t totodeinhere Jan 2025 #18
It is Medicare - the Part D refers to the section of the Medicare laws which authorize the drug plans. Ms. Toad Jan 2025 #19
Likely Rebl2 Jan 2025 #8
Mine went up $12. MineralMan Jan 2025 #9
It is most likely the Medicare Part B monthly fee increase. Jacson6 Jan 2025 #10
Thanks. But I don't understand how they expect seniors to get by when the COLA increase is negated totodeinhere Jan 2025 #11
Give with one hand and take away with the other. milestogo Jan 2025 #17
Medicare Part D went up quite a bit edhopper Jan 2025 #20

Attilatheblond

(8,087 posts)
1. Yep, Medicare premiums went up. I look to gain a bit over $2 from the SS cost of living raise after Medicare increase.
Tue Jan 7, 2025, 11:52 AM
Jan 2025

Hoping my very helpful supplemental insurance doesn't go up too much too. Great policy as it is with the Federal Employees Blue Cross/Blue Shield group and they don't generally jerk that big of a group around too much, but, SS and a tiny pension is all I have so...

CrispyQ

(40,566 posts)
2. Log on to your account & find out. If you don't have an account, get one.
Tue Jan 7, 2025, 11:54 AM
Jan 2025

It will show how much your new SS & Medicare are.

https://www.ssa.gov/myaccount/

totodeinhere

(13,686 posts)
6. Thanks.
Tue Jan 7, 2025, 12:03 PM
Jan 2025

I tried to register but when I click on the register button nothing happens. I'm not sure why.

CrispyQ

(40,566 posts)
12. Maybe try setting up a Login.gov acct.
Tue Jan 7, 2025, 12:41 PM
Jan 2025
https://secure.ssa.gov/RIL/SiView.action

Do you have someone you trust who can help you? Having an online account is important, IMO.

CrispyQ

(40,566 posts)
15. You can set up text alerts, too, for when they send out notices.
Tue Jan 7, 2025, 02:00 PM
Jan 2025

I only get one notice year for my new amounts, but maybe other people get more.

Good luck! That $30 hit sucks!

Attilatheblond

(8,087 posts)
16. Getting one of those thumb print security keys to plug into the computer will help with secure connection.
Tue Jan 7, 2025, 02:19 PM
Jan 2025

Our local library offers tech help for seniors, one of their very best adult services. Might inquire your local library. If they don't have tech help, they probably know where people can get it. Lots of retired IT people help others.

stopdiggin

(14,877 posts)
4. not my experience
Tue Jan 7, 2025, 12:00 PM
Jan 2025

Yes, there was a COL increase. And Medicare went up (a whopping $10).
(I'm wondering if your difference doesn't have to do with a Gap or Advantage plan that is also being taken out?)

totodeinhere

(13,686 posts)
7. Thanks, but I have a Medicare supplement plan that is billed separately.
Tue Jan 7, 2025, 12:08 PM
Jan 2025

I have Part A, B and D, but not Part C. I am going to try calling them and see if Part D went up. I know I really should be following this more closely. I get so much junk mail that sometimes I inadvertently throw out important mail with it. I may have been notified but did not read the letter. My bad.

Nanjeanne

(6,487 posts)
14. Medicare Part D is not really Medicare. It is your Drug Plan (which may be have Medicare in it's title but is private
Tue Jan 7, 2025, 01:26 PM
Jan 2025

insurance. There are no drug plans run by the government (unfortunately) - so unsure why your drug plan is being taken out from your SS payment unless you specifically asked that it was. But my guess is - since insurance companies have all raised their drug plan prices exhorbitantly - that's the reason your SS is lower even with the cost of living increase (it's not your govt Medicare that is the reason) - it's your private insurance drug plan.

Ms. Toad

(38,055 posts)
19. It is Medicare - the Part D refers to the section of the Medicare laws which authorize the drug plans.
Tue Jan 7, 2025, 11:19 PM
Jan 2025

Lifelong penalties for not enrolling in time are set out in the Medicare laws. Caps on out-of-pocket expenses. The donut hole, etc.

Yes, it is administered by private insurance companies - as is Medicare Part C (Medicare Advantage plans). I don't like that reality - but the fact that I don't like doesn't make the plans not part of Medicare.

As for prices - my drug plan costs exactly what it did last year: $0/month. My spouse's premium has gone up, but only because we switched plans. Her overall cost (premiums + out-of pocket costs) - for one more drug than she was taking last year - is about $400 lower for the year. I compared all of the plans available to us. My overall costs are slightly lower than last year, and across the board, my spouses are dramatically lower. I had expected the premiums to be higher because of the $2,000 out-of-pocket cap. But even though the premiums are higher on some plans there is considerably less variation in the drug prices from plan to plan - and even in comparison to drugs purchased via GoodRx or Costco membership prices - where we have bought over half of our meds for the last 3 years. It was a very unexpected and pleasant surprise.

MineralMan

(150,469 posts)
9. Mine went up $12.
Tue Jan 7, 2025, 12:17 PM
Jan 2025

Insignificant. On the other hand, my Medicare Advantage premium went down about $10. Something about my deferred Part D.

Jacson6

(1,711 posts)
10. It is most likely the Medicare Part B monthly fee increase.
Tue Jan 7, 2025, 12:18 PM
Jan 2025

Or if you are also paying for Part A that could be the cause.

totodeinhere

(13,686 posts)
11. Thanks. But I don't understand how they expect seniors to get by when the COLA increase is negated
Tue Jan 7, 2025, 12:24 PM
Jan 2025

by Medicare premium increases. I realize that SS was never intended to be a sole source of income but it is an important part of many seniors' budgets.

edhopper

(36,963 posts)
20. Medicare Part D went up quite a bit
Tue Jan 7, 2025, 11:30 PM
Jan 2025

Part B went up $5 from $180 to $185.
Social security did go up,
Check how much is taken out for Part D compared to 2024.

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