Remember the earlier post about the 2 year freeze (2010 & 2011) on cost-of-living adjustments for Social Security beneficiaries and how it would result in a net decrease in benefits because while benefits may stay the same, Medicare premiums are likely to go up?
Well, it looks like there may be an extra stimulus payment to seniors to help offset the increase.
President Barack Obama called on Congress Wednesday to approve $250 payments to more than 50 million seniors to make up for no increase in Social Security next year.
Check out this article for more information: Obama calls for $250 payments to seniors – Yahoo! News.
