Money in the Middle

Sandwich Generation Talking About Money Up, Down and Across Generations

No COLA for Social Security Recipients

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No cost-of-living adjustment for Social Security recipients in 2010.  That’s the official word today from the Social Security Administration.  The focus now turns to Congress to see whether they will  provide a $250 payment to each Social security recipient in 2010.

The supporters of the $250 payment say that seniors experience more health care costs and those costs are increasing much faster than the consumer goods formula COLA is based on.  AARP is contacting its members to tell members of Congress to support the payment.  President Obama endorsed it today.

I’m sure it will be welcome relief to those who are experiencing increases in  Part D drug plan prices increasing or Medicare Part C plan premiums. But I wonder when we will stop making exceptions to rules because we don’t like the outcome.

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Written by Laura Rossman

October 15, 2009 at 6:56 pm

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