For there to be a 2017 COLA the average CPI-W for July, August and September 2016 must exceed 233.27.
No month from October 2015 through March 2016 has exceeded that number.
March 2016 was 232.209.
Personal finances, Health Care-Social Security-Retirement Planning and Related Public Policy Issues
If the gas prices keep going up, we may see a small cola in 2017. Great if it happens, I have not purchased any gasoline since July 2014. City bus $20 per month. Greyhound if I travel.
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The problem is any COLA will be eaten up by the catchup for the Part B premium.
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Yeah, one step forward, two steps backward. Part B premium goes up and then your Medicare supplement premium goes up, so it is a double whammy. About the only way I stay even is cut something like steak out of the budget or wait 3 more months before my next haircut.
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