2026 Social Security COLA: Why It Matters—and How Medicare Costs Could Offset the Gain
🔍 What’s the 2026 COLA?
The SSA announced a 2.8 % COLA for 2026, translating to an average increase of about $56 per month for single retirees and $88 for married couples. Kiplinger This modest bump is in line with historical averages but may not stretch far amid rising health-care costs.
🏥 The Medicare Cost Catch
Here’s the key link: Much of that extra Social Security income could be offset by higher Medicare costs. For example, if the Medicare Part B premium rises significantly, it could consume a large portion of the “raise.” Kiplinger+1
At Medicare & Money, we focus on helping you review and reduce those hidden costs so you actually keep more of the increase.
📊 Why This Combination Matters
You receive the COLA increase—but Medicare premiums and other out-of-pocket health expenses may also rise.
Without review, you could end up with less actual disposable income than the headline number suggests.
A coordinated review strategy can help you:
Understand your Medicare premium & coverage changes
Optimize your Social Security timing
Review annuities or pensions that impact taxes or coverage eligibility
✅ How Medicare & Money Helps
Free Income Check & Review: We examine how your Social Security, pension, and annuity income interplay with Medicare premiums and taxes.
Medicare Plan Review: We compare your current coverage vs. alternative options to reduce cost and increase value.
Strategic Timing: We advise when and how to claim Social Security and how Medicare changes affect that timing.
Proactive Cost Control: By understanding how Medicare costs can offset Social Security gains, we build an actionable plan.
📞 Your Next Step
Don’t assume the 2.8 % COLA will fully boost your income—get ahead of the Medicare cost challenge.
Contact Medicare & Money today for a free consultation and protect your retirement income with confidence.
