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lev-tax, Tax Advisor
Category: Social Security
Satisfied Customers: 29798
Experience:  Taxes, Immigration, Labor Relations
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We have been receiving Social Security 20 years now. As of

Customer Question

We have been receiving Social Security for about 20 years now. As of Jan 2016 our benefits have been reduced by about $100 and I am told there has not been any COLA.
Please explain.
regards......Russ Hill
Submitted: 1 year ago.
Category: Social Security
Expert:  lev-tax replied 1 year ago.

Hi Russ and welcome to our site!

Unfortunately because of low inflation (or at least how the government determined that for social security purposes) - there is NO COLA adjustment in 2016...

But Medicare premiums most likely increased.

See here part B costs

and part D costs

Please verify what exactly you pay for these coverage.