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

In 2025, retirees can expect significant changes to their Social Security and Medicare benefits. President Joe Biden is set to sign a bill increasing Social Security benefits for certain pensioners, including the elimination of provisions like the Windfall Elimination Provision and Government Pension Offset. Additionally, all Social Security beneficiaries will receive a 2.5% cost-of-living adjustment, while Medicare Part B premiums will rise to $185 per month and a $2,000 annual out-of-pocket cap for Part D prescription drug costs will be implemented.

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