Experts say Medicare premiums could wipe out Social Security increase

Millions of Americans will see a 2.8% increase in their Social Security benefits in 2026, an adjustment that adds about $56 a month for the average retiree.

But financial analysts warn that the boost may not keep pace with soaring expenses, especially in healthcare, housing, and other essentials that make up a large portion of retiree budgets.

Many older adults are reporting monthly Medicare premiums rising far faster than their annual COLA adjustments, meaning they effectively fall behind despite the increase.

Jay Spector, the Co-CEO and founding partner of EverVest, joined “Arizona Horizon” to break down what this year’s adjustment really means, how cost pressures vary depending on where retirees live, and why many households are still struggling to keep up.