That 2% COLA SS Raise put $1.00 per month in my checking account. The other $133 went to INCREASED Medicare Premiums.
When I picked up my monthly script of a generic med for colon spasms it was $1.00 MORE. This is the Co-Pay increase for this price range of drugs by TRICARE LIFE which is Ret. Military over 65 health ins, Medicare’s secondary coverage. ALL Co-pays went up. In effect we went in the hole this year. NOT even a crumb for a loaf of bread.
My Medicare increased by more than the COLA. I lost about $130 per month.
But don't worry, the government is going to help me. I just looked at the benefit statement I get from SS to use filing my taxes, and I am going to be taxed on that money I didn't get -- isn't that heartwarming.