Fri Dec 26 14:10:00 UTC 2025: Summary:
Several changes will affect Social Security recipients in 2026. While a 2.8% cost-of-living adjustment (COLA) is planned, an expected rise in Medicare Part B premiums could negate this increase. Seniors may also find the COLA doesn’t accurately reflect their higher expenses. The Social Security Administration (SSA) has been modernizing its systems, moving to digital payments and updating its website, which has sparked concern that this could disrupt benefits for those lacking internet access. In positive news, a new $6,000 tax deduction for seniors is planned, although it phases out for higher earners. Various proposed changes, including potential payment increases and benefit cuts for certain groups, are also on the table.
News Article:
Social Security Recipients Face Mixed Bag of Changes in 2026
[City, State] – Social Security beneficiaries can expect a variety of changes impacting their benefits in 2026, according to financial reporter Elizabeth Guevara. While a 2.8% cost-of-living adjustment (COLA) is on the horizon, experts warn that rising Medicare Part B premiums could offset this increase for many.
“The COLA is intended to help beneficiaries keep pace with rising costs,” Guevara explains, “but the projected 11.6% increase in Medicare Part B premiums could completely wipe it out.”
Adding to concerns, advocacy groups argue that the COLA formula doesn’t adequately reflect the higher expenses faced by seniors, particularly regarding healthcare and essential goods.
The Social Security Administration (SSA) continues its modernization efforts, having transitioned to fully digital payments and updating its website with features like chatbots and digital Social Security number access. The agency claims these changes will reduce wait times and improve efficiency. However, critics worry the rapid transition could disrupt benefits for those without reliable internet access or digital literacy.
“These changes, while intended to improve the system, could create new challenges for some of the most vulnerable beneficiaries,” Guevara noted.
In brighter news, a new $6,000 tax deduction for Americans aged 65 and older is set to reduce their tax burden, providing some financial relief. However, this deduction phases out for those with a modified adjusted gross income exceeding $75,000.
The future of Social Security remains uncertain, with various proposals under consideration that could either increase benefits for certain groups or cut them for others. A bill proposed in the Senate could raise monthly payments by $200 but it is unclear if it will pass.
Beneficiaries are advised to stay informed about these changes and how they may affect their individual situations.
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