2025 Social Security and Medicare Update- Can You Survive?

Breaking News! Social Security and Medicare updates for 2025 are out. The Social Security COLA increase for 2025 is 2.5% and the Medicare cost updates may not excite you. Can You Survive on Social Security and Medicare after unheard of recent inflation? We will also discuss Medicare Advantage Changes, as well as Medicare Part A, B and D. If you’ve been following us, you know that we’ve been slow traveling across Europe for almost five years now as early retirees. Without even trying, we’ve managed to live on less than a typical couple’s Social Security payment! Not bad, right? The Social Security Administration just announced a 2.5% cost-of-living adjustment, or COLA, for 2025. This means the average monthly Social Security payment will increase by about $50, bringing the average check to $1,976. For married couples, that goes up to $3,089. But let’s be real here—does a 2.5% increase cover inflation? Will this extra $50 really make a difference for you? We reference Social Security in our videos for context, but keep in mind, we’re still too young to collect it ourselves. However, we know a lot of you watching are in the Social Security age bracket, so this is relevant to your planning And it’s not just Social Security that’s going up—Medicare costs are rising too. Medicare Part B premiums are projected to increase from $174.70 to $185 in 2025, and Part D premiums will also rise, with some plans seeing pretty big hikes. The good news is the Medicare Part D donut hole is going away, and out-of-pocket drug costs will be capped at $2,000 starting in 2025. But with those rising premiums, it’s definitely something to plan for. For those of you on Medicare Parts A, B, and a supplement, we can recommend some programs that provide good international coverage until you can switch to a full international health plan. Speaking of international options, if you’re considering living abroad to stretch your retirement dollars, we highly recommend looking into countries like Romania, France, or Ecuador. We’ve spent time in all three, and they offer solid medical programs. We’ve even got videos on each of these countries if you want to learn more about their healthcare and residency options. So, American retirees—what do you think? Will the 2025 Social Security update help you stay ahead of inflation? #socialsecurtiy #Medicare #medicare2025 #socialsecurityincrease #liveabroad #expatliving #retirementplanning #retireearly #socialsecuritybenefit #2025medicare #2025socialsecurity #slowtravel #expat #retirementincome #retirement ✅ About Warren & Julie Travel - Slow Travel Nomad Expats. We retired early and slow travel the world. For the past 3.5 years we have been in Europe doing the Schengen shuffle. Traveling with two dogs has its own challenges. ✅ If you need travel insurance or global health insurance, please check out our website: 👉https://www.warrenjulietravel.com/internationalhealthcoverage. Warren is a health insurance agent and helps expats and travelers find the right solution for their needs. ✅ Our Top Playlists 👉Residency Programs in Europe https://www.youtube.com/playlist?list=PLkOobSSGsmh4bIB2LA_O49J7j5L59zxw2 👉Slow Travel Our Expat Cost of Living https://www.youtube.com/playlist?list=PLkOobSSGsmh55YUcfh0mleMs66T3jC4EH ✅ We carry the best travel cards for saving money at ATM's and more! 👉The Travel Credit Cards We Carry https://www.referyourchasecard.com/19o/DPVP8B8H2Y https://www.schwab.com/client-referral?refrid=REFERXHPZ8AYV 👉Our Favorite Free Schengen Calculator https://www.schengenvisainfo.com/visa-calculator/ 🔗 Stay Connected with Us. We want to hear from you! We love to meet and interact with our viewers. 👉Facebook (Warren & Julie Travel): https://www.facebook.com/groups/warrenandjulie 👉Facebook (WJT Schengen House Swap): https://www.facebook.com/groups/wjtschengenhouseswap 👉Instagram: https://www.instagram.com/warrenjulietravel 👉Website: https://www.warrenjulietravel.com/ ✅Chapters: 00:00 Intro 00:20 SS Increase 01:30 Medicare 03:40 Residency Health Sys 06:50 Life Abroad Don't miss out on essential information! Subscribe for more updates on living abroad, and let's embark on this journey to discover the slow travel lifestyle. For Collaboration and Business: 📩 Email: warrenjulietravel@gmail.com ============================= ⚠️DISCLAIMER: We do not accept any liability for any loss or damage incurred from you acting or not acting as a result of watching any of our publications. You acknowledge that you use the information we provide at your own risk. Do your research. Copyright Notice: This video and our YouTube channel contain dialogue, music, and images that are the property of Warren & Julie Travel - Slow Travel Nomad Expats. You are authorized to share the video link and channel and embed this video in your website or others as long as a link back to our YouTube channel is provided. © Warren & Julie Travel - Slow Travel Nomad Expats