Medicare Part B premiums have increased by 2.97% on average over the last 30 years.

So, if you’re going to discount Social Security COLAs don’t you have to do the same for Medicare?

If you are not…why?

https://www.nfb.org/images/nfb/publications/bm/bm08/bm0811/bm081112.htm

https://www.thebalance.com/current-and-historical-medicare-part-b-premiums-2388483

https://www.ssa.gov/policy/docs/statcomps/supplement/2011/2b-2c.html

https://www.ssa.gov/OACT/COLA/colaseries.html

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5 replies
  1. billyrayband
    billyrayband says:

    At this point in time I think its just not worth the hassle to worry about SS/Medicare increases in expense planning. For most people, the increase in health costs easily eats up all the SS COLA's. You need to stay at least 50% in equities funds to try and keep up with inflation.

    Reply
  2. Alberto Santa Barbara County CA
    Alberto Santa Barbara County CA says:

    This is so true! In 2012 when we hired a CFP to assess and validate my financial plan, he used a 4% inflation factor for our expenses and came up the we needed to stay working for another 10 years.

    I did a historical average but used the average of the last 20 years for inflation, social security and medicare. As a result, my numbers show that indeed we could retire NOW, not on 10 years.

    Reply
  3. John C
    John C says:

    Part B IRMAA is "moving" into our spare bedroom next year… in a BIG way. But she has only a one-year lease, and TRICARE (thank you, again, Navy!) has given the virtual boot to her little sister, Part D IRMAA. Yup… I now get it… looking forward matters most when coming up with inflation estimates, and being consistent in how you come up with various components is essential.

    Reply

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