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COLA stands for Cost-of-Living Adjustment. In the context of Medicare, it refers to adjustments made to Social Security benefits, which can affect Medicare premiums and out-of-pocket costs. These adjustments are designed to keep pace with inflation and ensure that beneficiaries maintain their purchasing power over time.
What else can I help you with?
When will Medicare recipient's get the 250.00 cola?
Medicare is a health insurance program; it does not issue cash payments to beneficiaries.
Is medicare tax calculated on COLA payments?
If the COLA is on something, like a contract wage, that was FICA taxable, then yes. The FICA taxableness is based on what the payment is actually for...not how it's calculated (which is what the COLA does).
What the letter A stands for on Medicare card?
The "A" at the end of the Medicare number means that the SSN number on the card is that of the recipient/beneficiary.
What does Coca-Cola stand for?
Well, coke stand for cokein cause first it included cokein in early 1900. And cola stands for cola cause it inclueds cola in it too.
What does Medicare HIB mean?
Medicare HIB stands for Hospital Insurance Benefits (vs. SMIB, or Supplemental Medical Insurance Benefits).
What do the letters CMS stand for?
CMS stands for Center for Medicare and Medicaid Services. It also stands for Content Management System.
What does COLA stand for?
covered outside learning area Or: Cost Of Living Adjustment (As in "you ain't gettin' one.")
Is medicare premiums going up in 2013?
Due to the hold harmless provision, the premium for a big majority of medicare recipient is going to be $101.60 as it can go up only to the extent of COLA increase for social security which is 1.6%.
What does a DV stand for after the Medicare number?
The DV stands for Surviving divorced wife (3rd claimant)
What does the medical abbreviation MEI mean?
MEI stands for Medicare Economic Index. It's a measure of how much it costs to run a medical practice, and informs Medicare reimbursement rates.
What the letter B stands for on a Medicare Card?
According to Medicare the T means you are not retired/not drawing a Social Security check.
What kind of payroll deductions are MCEE and TSSE?
MCEE stands for Medicare Employee Contribution and TSSE stands for Social Security Employee Contribution. These deductions are taken from an employee's paycheck to fund the Medicare and Social Security programs. The rates for these deductions are set by the government and are based on a percentage of the employee's earnings.
