How Medicare Will Help Retirees With Low Income in 2022

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How Medicare Will Help Retirees With Low Income in 2022

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If we listen to a recent analysis by AARP, the maximum monthly benefit for a new retiree at full retirement age will go up from $197 to $3,345.

And the news gets even better, as the Social Security recipients who find themselves on the lower side of the financial scale will receive a well-deserved BOOST, as the maximum monthly payment for this group will rise from $47 to $841 for individuals and from $70 to $1,261 for couples.

One of the problems lies in the fact that the big COLA hike for 2022 comes as a response to skyrocketing inflation. Given the fact that today the inflation is running over 6%, the 5.9 COLA might be, at best, a break-even. Find out what changes are expected for 2022:

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