Social Security benefits set to rise in 2025 but Medicare premiums increase as well
fool.com —
Social Security benefits will increase by 2.5% in 2025, but Medicare Part B premiums will rise from $174.70 to $185. This change will reduce the overall benefit increase for those enrolled in both programs. The Social Security Administration will send letters this month detailing the new benefit amounts. Recipients can also check their accounts online for updates. As the year ends, individuals should assess their financial situation and consider adjustments for 2025. Options include seeking additional income, downsizing, or changing Medicare plans before the December 7 enrollment deadline.