Dear Savvy Senior:
I know there will be a small cost-of-living increase in Social Security benefits next year, but what about Medicare? What will the Medicare Part B monthly premiums be in 2021, and when do the surcharges kick in for higher-income beneficiaries? — Inquiring Senior
Dear Inquiring: The Centers for Medicare and Medicaid Services recently announced their cost adjustments for 2021, and the increases for premiums and out-of-pocket costs for most beneficiaries will be modest. But if you’re a high earner, you’ll pay more. Here’s what you can expect starting in January.
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