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Old 11-20-2022, 07:24 AM   #41
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My statement is pretty straight forward. DW's is much more fun! Her Part B premium and IRRMA far exceed her SS so we find out how large the check she writes to CMS every month is!

It would be more of a hoot if they'd show her SS as a negative number, but they don't. It's just zero and a note to send them $XXX every month.
Ouch!
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Old 11-20-2022, 08:16 AM   #42
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My statement is pretty straight forward. DW's is much more fun! Her Part B premium and IRRMA far exceed her SS so we find out how large the check she writes to CMS every month is!

It would be more of a hoot if they'd show her SS as a negative number, but they don't. It's just zero and a note to send them $XXX every month.
Ugh! An omen for my future.
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Old 11-20-2022, 09:12 AM   #43
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AnyPia32 has not been updated yet though.
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Old 11-20-2022, 09:36 AM   #44
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My statement is pretty straight forward. DW's is much more fun! Her Part B premium and IRRMA far exceed her SS so we find out how large the check she writes to CMS every month is!

It would be more of a hoot if they'd show her SS as a negative number, but they don't. It's just zero and a note to send them $XXX every month.
OMG. I understand how that could happen. I never heard of it actually happening before. Sorry.
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Old 11-20-2022, 10:05 AM   #45
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AnyPia32 has not been updated yet though.
Right. I ran the numbers, and it's the same calculations. Maybe in a few weeks they update the calculations on that software.
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Old 11-20-2022, 10:29 AM   #46
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Thank you! Just checked ours and our calculations matched.
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Old 11-20-2022, 01:17 PM   #47
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Right. I ran the numbers, and it's the same calculations. Maybe in a few weeks they update the calculations on that software.
I use this SS calculator as well in addition to manually calculating the SS benefits. My manual calculation now matches what is on the SSA.gov website.
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Old 11-20-2022, 02:33 PM   #48
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Yes. I Just checked. The numbers on the SSA.gov site now matches my manual calculation done a few weeks ago.
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2023 SS Benefit
Old 11-20-2022, 03:11 PM   #49
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2023 SS Benefit

We received our benefit statements for 2023 today. As promised there was an 8.7% increase in the benefit but a larger deduction for Part B and an increase in the Part B/Part D IRMAA. The net result is a significant decrease in the overall benefit for both of us. Good thing SS represents a fraction of our monthly cash flow.
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Old 11-20-2022, 03:22 PM   #50
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Threads merged.
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Old 11-20-2022, 05:54 PM   #51
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We received our benefit statements for 2023 today. As promised there was an 8.7% increase in the benefit but a larger deduction for Part B and an increase in the Part B/Part D IRMAA. The net result is a significant decrease in the overall benefit for both of us. Good thing SS represents a fraction of our monthly cash flow.

We are seeing a decrease in IRMAA for 2023 because we dropped a tier. Still, all in for Medicare Part B, B supplements, Part D plans and IRMAA, were paying a little over $18k for the two of us for 2023. It aint cheap.
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Old 11-22-2022, 04:46 PM   #52
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I turned 61 in sep. The other thread said I would not get the increase next year. But checked a few days ago and it was there. About a 9% increase. No idea what that was all about. Not getting the increase the year prior to 62. Nice bump.
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Old 11-22-2022, 05:07 PM   #53
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I turned 61 in sep. The other thread said I would not get the increase next year. But checked a few days ago and it was there. About a 9% increase. No idea what that was all about. Not getting the increase the year prior to 62. Nice bump.

I am 61 as well. It is not the COLA increase, but the wage adjustment increase which came out about the same. That is my understanding from another thread and the SS site
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Old 11-22-2022, 05:28 PM   #54
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I am 61 as well. It is not the COLA increase, but the wage adjustment increase which came out about the same. That is my understanding from another thread and the SS site
Yup, you received the Average Wage Index increase which was very close to the COLA Index increase.
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Old 11-22-2022, 06:01 PM   #55
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Yup, you received the Average Wage Index increase which was very close to the COLA Index increase.

Yes, seems it was actually higher.
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Old 11-23-2022, 07:52 PM   #56
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Not sure what we will do with the extra cash we will receive in 2023. Between DW and I we receive 2 SSA deposits, military retirement, and VA disability monthly cash. All of these will receive the 8.7% bump.

Seems inflationary, but I'll get over it.
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Old Today, 09:37 AM   #57
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Not sure what we will do with the extra cash we will receive in 2023. Between DW and I we receive 2 SSA deposits, military retirement, and VA disability monthly cash. All of these will receive the 8.7% bump.



Seems inflationary, but I'll get over it.
Lol!
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