Seniors face another rising cost that is outpacing Social Security and inflation

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Seniors face another rising cost that is outpacing Social Security and inflation

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Retirees face another financial hit thanks to a big jump in the cost of healthcare. The jump in cost for Medicare Part B is expected to outpace Social Security's annual cost of living allowance uplift next year, as well as the general rate of inflation. Medicare Part B - which covers expenses like doctor visits, outpatient hospital services, and some home health care - currently costs seniors $174.70 per month.
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