The Hidden Reason Part of Your Social Security Disappears Each Month

Many retirees and Social Security beneficiaries are surprised when their expected COLA increase seems smaller than anticipated. This video explains why that happens, focusing on Medicare Part B premiums and how they are automatically deducted from your Social Security payment. Learn how Part B covers outpatient care, lab tests, and preventive services, why premiums can change each year, and how income-related surcharges like IRMAA affect your monthly deduction. We also break down the hold harmless provision, the timing of deductions, and why Medicare Advantage plans don’t eliminate Part B premiums. By understanding the system, including late enrollment penalties and funding through premiums plus general revenues, you can see exactly where your money goes, avoid surprises, and plan your budget with confidence. Clear explanations, real numbers, and practical guidance make this essential for anyone navigating retirement finances. #SocialSecurity #MedicarePartB #RetirementPlanning #SocialSecurityTips #MedicareExplained