Every fall, millions of retirees wait for the Social Security Administration to announce the next year’s cost‑of‑living adjustment, hoping the increase will help them keep pace with rising prices. For 2026, the COLA came in at 2.8 percent — a modest but meaningful bump meant to reflect cooling inflation and a stabilizing economy.
On paper, it should have offered a little breathing room. But for many retirees, that raise seemed to evaporate before it ever reached their bank account. The reason wasn’t a miscalculation or a glitch. It was Medicare. More specifically, the annual increase in Medicare Part B premiums, which quietly siphons away a portion of every Social Security check.
