Here are big changes retirees can expect from Social Security and Medicare in 2025

Retirees can expect to see some big changes in 2025 when it comes to their Social Security and Medicare benefits.

Retirees can expect to see some big changes in 2025 when it comes to their Social Security and Medicare benefits.

President Joe Biden is expected to sign a bill that will increase Social Security benefits for certain pensioners. Additionally, the annual Social Security cost-of-living adjustment goes into effect for all beneficiaries.

And Medicare enrollees who are worried about health-care costs now have a $2,000 annual out-of-pocket Part D prescription drug cap aimed at helping to reduce those financial pressures.

Here are some important changes to note for the coming year.

The Senate passed a bill in the final legislative days of 2024 to boost Social Security payments for millions of people who receive pensions from work in federal, state and local government, or in public service jobs such as teachers, firefighters and police officers. The House had passed the bill in November.

https://www.nbcnews.com/news/us-news/social-security-medicare-changes-2025-rcna186245

---