Retirement Benefits: What to Expect in 2010

Retirement Benefits: What to Expect in 2010
December 21, 2009 by Emily Brandon

In most years, retirement benefits
increase to keep up with inflation. But 2010 will be far from typical. Because of a drop in the consumer price index, government payouts and tax incentives to save for retirement will generally stay the same. At the same time, out-of-pocket retiree health costs, especially for prescription drugs, will continue their steady climb. Here’s a look at what will happen to retirement benefits in 2010.

In most election cycles Democrats accuse Republicans of wanting to cut Medicare and Medicaid, to scare seniors into voting Democrat. With no Republican power to oppose their agenda, Democrats “cut” Medicare all on their own. In case you don’t know, in Washington-ease, increasing funding for a government program by only 2% instead of 6% is called a “cut” when Republicans are in charge. By that standard, increasing Medicare benefits by 0% instead of the usual annual increase should also be called a cut.

After reading your article stating premium increase for Part D by 11% for 2010, I felt pretty good. However, when we received and opened the notification from social security for 2010, I was shocked. If this continues to go up over 50% each year, none of us will be able to afford insurance.

I called Medicare regarding the cost and was just told yes it states $78.00. I asked where in the 2010 manual does it stated that Part D went up over 50%. We do not have Cadillac plans. Social security representative didn’t know what to say.

Democrats, economics, economy, entitlements, funding, government, health care, hypocrisy, left wing, liberalism, nanny state, philosophy, political correctness, politics, public policy, rationing, regulation, socialism, spending