Overview
- The Social Security Administration set a 2.8% Cost of Living Adjustment for 2026.
- Baseline Medicare Part B premiums are reported to rise to $202.90 per month from $185.00 in 2025.
- The $17.90 premium increase will directly reduce the monthly COLA that beneficiaries receive in hand.
- A typical $2,000 monthly beneficiary expecting about a $56 raise would see roughly one-third of it offset by the premium change.
- Advocacy reporting says many seniors already struggle with expenses and may need to draw more from retirement savings.