VHT News Explorer

Seniors awaiting bigger Social Security checks next year may be shocked to discover higher Medicare premiums will eat up a chunk of their cost-of-living adjustment.

A bumper crop of revisions, including a stronger drug benefit, means the plan you enrolled in for 2024 may not be the best fit next year.

The annual cost-of-living adjustment will increase monthly checks for millions of beneficiaries, including retirees and disabled workers.

Older Americans are spending more years with chronic ailments, which often come with higher medical bills, experts said.