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11-10-2021, 11:35 AM
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#1
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Senior Member
Join Date: Nov 2015
Posts: 26,692
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Cola 2022
Social Security COLA is going to increase by 5.9%
That will also apply to Military Retirees and Disabled Veterans in 2022
Retirees.... $59 increase for every $1,000 of pension they receive.
Disabled Vets.... $8.50 per month for each 10% increment of disability.
https://www.mymilitarybenefits.com/f...increase-2022/
__________________
I took my Medication today. HAVE YOU?
Dodge 3500 w/Tractor Motor
US NAVY---USS Decatur DDG-31
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11-10-2021, 11:41 AM
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#2
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Senior Member
Fleetwood Owners Club Workhorse Chassis Owner
Join Date: Jun 2016
Location: On the continental divide
Posts: 2,621
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So now we will still be broke, but at a different level ?
__________________
2004 Fleetwood Pace Arrow 37c, 8.1 gasser, (Jezebel) Ultra RV ECM / TCM, plugs wires, and rear track bar, PPE deep Tx pan w/ temp gage, Bilstein's, Sailun's & Sumo's all round, pushed by a 2002 Grand Caravan, on a Master Tow Dolly OR a WR-250 on a rail.
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11-10-2021, 11:47 AM
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#3
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Senior Member
Join Date: Nov 2015
Posts: 26,692
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Quote:
Originally Posted by Flyer15015
So now we will still be broke, but at a different level ?
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Correct....Inflation will eat into the increases
Income will go UP....buying power will go down
__________________
I took my Medication today. HAVE YOU?
Dodge 3500 w/Tractor Motor
US NAVY---USS Decatur DDG-31
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11-10-2021, 11:51 AM
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#4
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Senior Member
Winnebago Owners Club
Join Date: Sep 2015
Posts: 1,810
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Quote:
Originally Posted by Flyer15015
So now we will still be broke, but at a different level ?
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Pretty much. I feel for anyone who has nothing but SS to live on. It can barely be done here I Mexico. I couldn’t imagine trying in the USA.
Years ago people went to work for “the company” 40 years and got a pension. Today 5 years is the average length a person stays at a job. But I guess it doesn’t matter anyway as few companies offer any type of decent pension.
__________________
2006 Winnebago Journey
39K
Cat C7
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11-12-2021, 12:37 PM
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#5
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Senior Member
Fleetwood Owners Club American Coach Owners Club
Join Date: Mar 2011
Posts: 6,760
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Normally, the SS COLA raise will be less than the amount they hold out for medical....bottom line for us is a net loss.
__________________
2014 American Eagle 45T
DD 13, 500 HP
Pulling a Honda CRV
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11-14-2021, 04:43 PM
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#6
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Member
Join Date: Oct 2011
Posts: 40
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I read where Medicare will go up $21.4
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11-14-2021, 11:24 PM
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#7
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Senior Member
Join Date: Mar 2018
Posts: 478
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Medicare part B is going up 14.5%. So the COLA victory is short lived.
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11-15-2021, 08:54 AM
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#8
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Moderator Emeritus
Ford Super Duty Owner
Join Date: Aug 2000
Location: Bryan, TX when not traveling.
Posts: 22,945
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Yep, the government giveth and the government taketh away.
Ken
__________________
Amateur Radio Operator (KE5DFR)|No Longer Full-Time! - 2023 Cougar 22MLS toted by 2022 F150, 3.5L EcoBoost Tow Max FX4 Lariat Travel with one Standard Schnauzer and one small Timneh African Gray Parrot, retired mechanical engineer
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11-15-2021, 11:46 AM
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#9
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Senior Member
Join Date: May 2016
Location: Cadillac, MI
Posts: 136
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11-15-2021, 11:51 AM
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#10
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Senior Member
Join Date: Jul 2015
Posts: 1,881
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I'm sure Tricare premiums and co-pays will also increase.
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11-15-2021, 12:00 PM
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#11
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Senior Member
Winnebago Owners Club Workhorse Chassis Owner
Join Date: Oct 2015
Posts: 1,718
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Quote:
Originally Posted by bizzerbiz
Medicare part B is going up 14.5%. So the COLA victory is short lived.
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So since 14.5% is 8.6% more than 5.9% it will be an overall net loss of 8.6%?
__________________
Paul J Stough Iowa
2005 Winnebago Voyage 38J
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11-15-2021, 12:04 PM
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#12
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Community Administrator
Join Date: Aug 2009
Posts: 53,430
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The Medicare increase will be a net loss to those individuals getting less than approximately $350 a month SS. It ( COLA increase ) will be a gain for all others.
__________________
Cliff,Tallulah and Buddy ( 1999-2012 )
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11-16-2021, 08:50 AM
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#13
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Senior Member
Join Date: May 2016
Location: Cadillac, MI
Posts: 136
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Cola 2022
Quote:
Originally Posted by 69Stang
I'm sure Tricare premiums and co-pays will also increase.
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I recall the early 70s reenlistment promises of lifetime free medical care for military retirees and their families.
The forced “voluntary” Medicare program to retain Tricare sure undercut that promise.
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11-16-2021, 09:17 AM
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#14
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Senior Member
Coastal Campers
Join Date: Jun 2021
Location: St. Augustine, FL
Posts: 135
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Quote:
Originally Posted by Mel556180
I recall the early 70s reenlistment promises of lifetime free medical care for military retirees and their families.
The forced “voluntary” Medicare program to retain Tricare sure undercut that promise.
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They sold us the same bag of manure in the early '80's about lifetime medical. I do not trust VA Healthcare so that diversion to lifetime medical doesn't work for me either. Thank goodness for Vitamin M...
__________________
*2022 F-350 Lariat
*2022 Alliance Paradigm 310RL
*ATC(AW/SW) USN Retired / (1981 - 2010)
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