@louisag wrote:
Thank you. I believe the social security income increases as the medicare costs increase. Is that true?
Your social security benefit is determined by your lifetime work history. Each year, there is usually a cost of living increase to adjust for inflation. Additionally, if you keep working after you declare retirement and start taking your benefit, your benefits might be adjusted higher if your extra work changes your lifetime earning history.
Medicare premiums are deducted from your social security check. If Medicare premiums increase, your social security check may be reduced. Your benefit isn't changing, but the since the premium is subtracted from your benefit, your net payment may go down.
