Social Security

Ask social security questions and get answers ASAP

Ask an Expert,
Get an Answer ASAP!

THE amount I will receive in 2018 is the same as last year.

Customer Question
THE amount I will...

THE amount I will receive in 2018 is the same as last year. it says i should be getting 2% MORE.

Accountant's Assistant: The Retirement Accountant will know how to help. Please tell me more, so we can help you best.

My # is***-**-****-A

Accountant's Assistant: Is there anything else the Retirement Accountant should be aware of?

Name carole j myslborski

Submitted: 7 months ago.Category: Social Security
Show More
Show Less
Ask Your Own Social Security Question
Answered in 5 minutes by:
12/23/2017
Social Security Expert: Christopher B, Esq., Attorney replied 7 months ago
Christopher B, Esq.
Category: Social Security
Satisfied Customers: 3,683
Experience: associate attorney
Verified

My name is ***** ***** I will be helping you today. Thank you for your question and thank you for using justanswer.com. Give me a bit and I will draft an answer to your question.

Ask Your Own Social Security Question
Social Security Expert: Christopher B, Esq., Attorney replied 7 months ago

I assume you are talking about the cost of living increase. The reason could be related to Medicare. Social Security has been limited by a little-known law called the hold harmless provision. This provision prevents Social Security recipients from getting smaller Social Security checks when monthly Medicare premiums go up. Typically, Medicare premiums are withheld directly from Social Security checks, so retirees see only the net amount left after paying their healthcare premium costs.

In 2016, there was no cost-of-living adjustment to Social Security, but Medicare premiums were slated to go up substantially. The hold harmless provision kept the cost for those affected at $104.90 per month for Medicare Part B in 2016, even though other Medicare participants paid a much higher $121.80 per month. That difference got even bigger in 2017. A small 0.3% COLA lifted the average amount that hold harmless recipients paid to $109 per month, but that was still far lower than the $134 per month that those who didn't get hold harmless protection paid. With the higher COLA in 2018 combined with no anticipated change in the Medicare premium, the typical recipient will see a $25 rise in Medicare premiums each month. That will take out most of the $27 boost from the COLA, and those with monthly checks below the average could see no net increase at all. That is where you most likely fit in. With the higher COLA in 2018 combined with no anticipated change in the Medicare premium, the typical recipient will see a $25 rise in Medicare premiums each month. That will take out most of the $27 boost from the COLA, and those with monthly checks below the average could see no net increase at all (again where you most likely fit in). I don't know the exact positions that you are in but this is the most likely reason you are seeing no increase in the amount of your check.

Please let me know if you have any further questions and please positively rate my answer if you are satisfied. This is the only way that I am compensated by the site for my time and this will cost you nothing extra. There should be smiley faces or numbers from 1-5 next to your answer. A 5 rating would be fantastic. Thank you for using justanswer.com. See link on how to rate: http://ww2.justanswer.com/help/how-do-i-rate-answer-hl

Ask Your Own Social Security Question
Social Security Expert: Christopher B, Esq., Attorney replied 7 months ago

DOes this completely answer your question?

Ask Your Own Social Security Question
Was this answer helpful?

How JustAnswer works

step-image
Describe your issueThe assistant will guide you
step-image
Chat 1:1 with a social security expertLicensed Experts are available 24/7
step-image
100% satisfaction guaranteeGet all the answers you need
Ask Christopher B, Esq. Your Own Question
Christopher B, Esq.
Christopher B, Esq.
Christopher B, Esq., Attorney
Category: Social Security
Satisfied Customers: 3,683
3,683 Satisfied Customers
Experience: associate attorney

Christopher B, Esq. is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

dylatess

dylatess

ATTORNEY

3,467 satisfied customers

37 plus years of SSD practice

Megan C

Megan C

Certified Public Accountant (CPA)

4,582 satisfied customers

Licensed CPA, CMA, CFE, CGMA M.Accy Also Teach Accounting courses at Master's Level

LawTalk

LawTalk

Attorney

3,071 satisfied customers

I have 30 years of legal and litigation experience, including representing clients before the U.S. Social Security Administration.

R. Klein, EA

R. Klein, EA

Accountant

334 satisfied customers

Tax & Social Security Benefits specialist

Dimitry K., Esq.

Dimitry K., Esq.

Attorney

233 satisfied customers

Licensed in multiple jurisdictions, experienced business attorney.

AttorneyTom

AttorneyTom

Attorney

16 satisfied customers

Attorney

Stephanie O Joy, Esq

Stephanie O Joy, Esq

Soc. Sec. Attorney

3,283 satisfied customers

22+ years legal exp. - 12+ years owning/operating her own SSD Law practice.

< Previous | Next >

Related Social Security Questions
I read that social security will charge us $109 a month for
I read that social security will charge us $109 a month for medicare premium. How come my benefit amount is $134?? … read more
keeperumiami
keeperumiami
Sr Financial & Tax Consultant
Bachelor\u0027s Degree
1 satisfied customers
My husband did not get the 2% increase for 2018. We live on
my husband did not get the 2% increase for 2018. We live on social security and we need the increase. … read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
Why did I get only a $1.00 increase in my social security
Why did I get only a $1.00 increase in my social security benefit payment for 2018? My SSN is: ###-##-####… read more
keeperumiami
keeperumiami
Sr Financial & Tax Consultant
Bachelor\u0027s Degree
1 satisfied customers
I am m goff, my husband is j goff, we have not received our
I am carol m goff, my husband is john j goff, we have not received our 1917 … read more
Lev
Lev
Retired
Bachelor\u0027s Degree Equivalent
27,134 satisfied customers
Why did I not get the 2% increase on my social security
Why did I not get the 2% increase on my social security check … read more
keeperumiami
keeperumiami
Sr Financial & Tax Consultant
Bachelor\u0027s Degree
1 satisfied customers
My social has not increased in the last 2 years - why? W.
My social has not increased in the last 2 years - why? … read more
keeperumiami
keeperumiami
Sr Financial & Tax Consultant
Bachelor\u0027s Degree
1 satisfied customers
I received my notice of a 2% increase in my s.s. check. But
I received my notice of a 2% increase in my s.s. check. But did not receive an increase in my check. My amount is the same as it was all of last year … read more
TaxRobin
TaxRobin
Vocational, Technical or Trade School
1 satisfied customers
Received letter saying the new monthly is actually the same
Received letter saying the new monthly is actually the same as my present … read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
I thought everybody across the board paid the same premium
I thought everybody across the board paid the same premium for medicare … read more
James Daloisio
James Daloisio
Attorney
Doctoral Degree
270 satisfied customers
Why did my SS benefits not go up this year, when the notice
Why did my SS benefits not go up this year, when the notice I got said I was getting a2% raise. … read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
I just received notice regarding the 2 percent cost of
I just received notice regarding the 2 percent cost of living increase. It says after the Medicare deduction, the amount I will receive is $1156.00 starting January 2018. That is the same amount I hav… read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
I received my "new benefit amount" statement and I did not
I received my "new benefit amount" statement and I did not get a 2% increase for 2018. Why is that? … read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
I received my notice of benefit amount for 2018. The part
I received my notice of benefit amount for 2018. The part B premium has increased from $108.00 to $131.00 for 2018. I understood that if you were on Medicare the premium deduction of $108.00 would be … read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
I thought Social Security was going up 2 0/100 this year. I
I thought Social Security was going up 2 0/100 this year. I have been receiving the same amount for 4yrs & it will be the same for 2018. I am well beneath poverty. … read more
James Daloisio
James Daloisio
Attorney
Doctoral Degree
270 satisfied customers
How is the amount deducted for medicare medical insurance
how is the amount deducted for medicare medical insurance -25.00 change from 2016 to 2017 … read more
James Daloisio
James Daloisio
Attorney
Doctoral Degree
270 satisfied customers
My new benefit amount for 2018 shows that it will be the
My new benefit amount for 2018 shows that it will be the same as what I am already receiving for 2017. It says we will get a 2% increase in 2018 so why did my remain the same. … read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
If I am 66 YO but still working [not collecting SS], and my
If I am 66 YO but still working [not collecting SS], and my spouse is 64 YO and still working....Can one or the other collect half of the other's SS benefit now? … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
47 satisfied customers
Social Security: I am a 61..5 year old woman. I was on SSI
Social Security: I am a 61..5 year old woman. I was on SSI 20 years. They recently cut off my benefits because I had more than $2,000.00 in the bank months in 2014. I have had less than that past 6 mo… read more
LawTalk
LawTalk
Attorney
Juris Doctor
3,071 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x