How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Jonathan Tierney Your Own Question
Jonathan Tierney
Jonathan Tierney, Certified Public Accountant
Category: Social Security
Satisfied Customers: 309
Experience:  Tax Accountant at Praxair, Inc.
51959094
Type Your Social Security Question Here...
Jonathan Tierney is online now
A new question is answered every 9 seconds

My social security payment per month was about $2011. &

Customer Question

My social security payment per month was about $2011. For January & February of 2016 it dropped to about $1700. I know there is no COLA fore this year but I didn't expect it to drop so far.
Submitted: 11 months ago.
Category: Social Security
Expert:  Jonathan Tierney replied 11 months ago.

Hi, my name is ***** ***** I can help. While there was no COLA adjustment for Social Security benefits, Medicare premiums still increased. In addition, Medicare premiums are adjusted if you had a high income in the previous year, which may have caused your Medicare premiums to dramatically increase. However, there is no way to know for sure what happened without getting the information directly from the Social Security Administration. The easiest way to get your Social Security account information is by opening an online account by visiting: http://https://goo.gl/OFxGxQ. Click on the option to "Sign In or Create and Account" and complete the online forms.

Please let me know how this works for you and if you have any problems. Also let me know if I can clarify anything or answer any additional questions.

Thanks, Jonathan