Seniors

Yonnie3

(18,344 posts)

16. It got worse

Mon Nov 21, 2016, 06:11 PM

Nov 2016

I got the rate information on my Medicare supplemental policy. It is going up 10% during 2017.

I also looked back at my auto insurance and see that it jumped 20% when I turned 65. That's the safe driver rate. I have a squeaky clean driving record.

I went and took a look at the current CPI table:

Item increases I'm concerned about:

Medical Care Commodities 5.0%
Rent of Primary residence 3.8%
Medical Care Services 4.1%

and so on. These are more current than the ones used for our 0.3% increase. At the top of the table it shows an overall increase of 1.6% which is what I believe our COLA is based on. If I spend 1/3 of my income on items which go up 4% for inflation and 6% because of an increase in age my cost of living just went up 3.3%

The table is at http://www.bls.gov/news.release/cpi.t01.htm

I recall there were some proposals to change how the COLA for SS was figured. I'm sure it wouldn't be to our benefit.

Click here to purchase valentine hearts!

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

23 replies

= new reply since forum marked as read

Highlight:

Cost of Senior Living [View all] Yonnie3 Nov 2016 OP

Oh, yeah... TreasonousBastard Nov 2016 #1

Social Security is my only income lillypaddle Nov 2016 #2

I found a way to cut 90% off my prescription costs. dixiegrrrrl Nov 2016 #7

thanks for the info lillypaddle Nov 2016 #8

I checked on two of my many prescriptions lillypaddle Nov 2016 #9

The discount sites are not much help with non-generics dixiegrrrrl Nov 2016 #10

Listen, I appreciate your info lillypaddle Nov 2016 #11

GoodRX is amazing! RealityChik Dec 2016 #17

Who is behind GoodRX, i.e., who is paying for the drugs? No Vested Interest Feb 2017 #21

I will check into this Sherman A1 Dec 2016 #19

I can only commiserate. I am drawing my SS, but I continue to work because Hoyt Nov 2016 #3

I'm not in an Advantage plan Yonnie3 Nov 2016 #5

Have you gone to MyMedicare.gov to see Part D plans for '17? alfie Nov 2016 #4

No, I have not. Thanks for the suggestion. Yonnie3 Nov 2016 #6

Though Medicare is good for seniors it does not cover everything. Thinkingabout Nov 2016 #12

Some conflate Medicare with Medicaid, Yonnie3 Nov 2016 #13

If your income is low enough TexasBushwhacker Feb 2017 #20

As I understand it, one can have no more than $1500 in assets if going on Medicaid. No Vested Interest Feb 2017 #22

It's something like that, but I don't believe they count TexasBushwhacker Feb 2017 #23

I wake up at night worrying about if we'll outlive our savings. trof Nov 2016 #14

You are one of many. Yonnie3 Nov 2016 #15

It got worse Yonnie3 Nov 2016 #16

I am horrified to see how many have only SS for income. PoindexterOglethorpe Dec 2016 #18