Potential Social Security Payout Decrease

Contact:
Chris Rizer
Director of Communications
chris@bishofffinancial.com
(614) 377-6640

September 18, 2016 

Good Afternoon, 

We are writing to make you aware of a report recently published by the Medicare Board of Trustees calling for a premium increase affecting some Social Security (SS) payouts in 2017.

Medicare premium increases of as much as 22 percent would reduce SS benefits for some recipients, according to The Wall Street Journal. The difference would be deducted from SS payouts, and it would mostly affect high-earners.

Those prone to the premium hike are Part B participants with income-adjusted premiums and anyone who becomes eligible for Medicare Part B in 2016, according to The Social Security Administration. 

This would happen despite the projected .2 percent increase in SS benefits due to a Cost of Living Adjustment set for 2017, according to AARP.

 Questions your audience may ask:

•        Will this affect my Social Security Benefit or Medicare premium?

•        Will this affect my retirement?

•        How will this affect the local economy?

Wm Eric Bishoff CFP^®, President & CEO of The Bishoff Financial Group, is a Certified Financial Planner^TM professional and has been in the financial services industry for two decades. His company works with business owners and families in 28 states with a concentration here in Central Ohio.

If you need assistance in addressing this topic – or any topic in areas of finance, the economy, and small business – please don't hesitate to reach out to me via email or my mobile number, and I will connect you with Eric: (614) 377-6640 or chris@bishofffinancial.com. 

Best Regards, 

Chris Rizer
Director of Communications
chris@bishofffinancial.com
(614) 377-6640

-30-