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Social Security is changing in 2023 with seven key points to know. Your benefits may be impacted, with an 8.7 percent increase starting at the turn of the year. This increase will be reflected in January payments made in December. Concerns arise as some fear they may be hurt more than helped by this annual Cola increase, with potential premium increases in medicare and decreases in food benefits. However, medicare premiums are actually decreasing by three percent for 2023, which is the first time this has happened according to Forbes.
