SOCIAL SECURITY PAYMENTS TO REMAIN FLAT, SOME MEDICARE RECIPIENTS TO SEE MAJOR INCREASE IN PREMIUMS

Seniors throughout New Jersey and the rest of the country won’t be seeing an increase in their social security. For the third time in four decades, Social Security recipients won’t be getting a cost-of-living adjustment for 2016. Also, more than 17 million on Medicare will be getting an increase of 52 percent on their Part B premiums.