Social Security for 2016- No Increase

Social security recipients will not receive a cost of living adjustment benefit increase in 2016 because of low inflation this year. This is only the third time in 40 years that payments won't change.  Also payments for Medicare Part B coverage will increase by about $54 a month for all those with higher incomes and those that don't have the coverage deducted from their social security payments. About 30% of Medicare beneficiaries will pay the premium increase.