Older Americans will get a clearer picture of next year's Social Security increase this week, when the Bureau of Labor Statistics publishes August inflation figures. Until then, the most widely cited projection for the 2027 cost of living adjustment is 3.6 percent, from The Senior Citizens League, and the official number will not be announced until Oct. 14.
The health angle is the part most coverage skips. For most people on both Social Security and Medicare, the Part B premium is deducted directly from the monthly benefit, so what lands in a bank account is the adjustment minus whatever Medicare takes first.
