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Your Social Security check will get a 2.8% boost in 2019



For retirees who recently elected the benefits of social security, this may be the first time they see a "real increase" in their monthly allowances, Joe Elsasser, president of Covisum, a provider of social security timekeeping software , previously known as CNBC.

For those who collect an average social security benefit of around $ 1,400, the 2019 cost of living adjustment will amount to $ 39 additional per month.

Medicare Part B awards for the next year have not yet been announced. The estimates set those premiums at $ 135.50 in 2019 for those with incomes of less than $ 85,000.

In the past, the increase in the cost-of-life adjustment of social security has been consumed for many by higher Medicare premiums.

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This is unlikely to happen to so many people this year as in 201

8, according to Mary Johnson, Social Security and Medicare Policy Analyst at the League of the Elderly.

Individuals with social security benefit from around $ 600 A $ 634 could be more affected.

"That group will probably see their Part B award occupy the entire COLA in 2019," Johnson said.

The number of social security beneficiaries with benefits in this range is around 5 million, according to Johnson, although not all of these individuals are necessarily enrolled in Medicare.


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