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In 2023, Social Security is changing with seven key points to note. Firstly, there will be an 8.7 percent increase in benefits due to COLA, starting in January. However, some are concerned about potential negative impacts on Medicare premiums and food benefits. To address this, Medicare premiums are actually decreasing by 3 percent in 2023. This is the first time the standard premiums have dropped, offering relief to those who depend on these programs to make ends meet.
