Seniors might get a check for $250 from Washington next year to make up for the fact that there will be no Social Security cost of living adjustment. It seems that this situation came about because there was no inflation. A recession yes, but no inflation.
To say that this shortfall in funding for seniors will cause problems is a major understatement. Most seniors spend their money on health care costs – things like prescription drugs and their Medicare insurance premiums.
Since the cost of Medicare insurance premiums is predicted to rise again next year by at least 9%, the extra funds coming from Congress should help seniors handle the rising cost of Medicare.
To learn more about Medicare, Medicare supplements, or Medicare supplement insurance visit GoMedigap.com.
