Medicare Part B premiums outpace Social Security COLA in 2026
Updated
Updated · The Globe and Mail · May 7
Medicare Part B premiums outpace Social Security COLA in 2026
13 articles · Updated · The Globe and Mail · May 7
The standard monthly Part B premium rose 9.7% from $185 to $202.90, while Social Security benefits increased just 2.8%.
The report says faster-rising healthcare costs can erode retirees' buying power because Social Security adjustments are tied to broad inflation, not seniors' spending patterns.
It advises delaying Social Security up to age 70 for larger checks and supplementing benefits with IRA, 401(k), stock and bond savings to better withstand inflation.
As rising premiums force seniors to skip medical care, what is the hidden long-term cost to the nation's public health?
The new Senior Deduction helps now but may harm Social Security later. Is this short-term relief a trap for future retirees?