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Minnesota retiree, 71, is getting Social Security's biggest raise in 4 years. But a prescription she takes is about to jump from $11 to $200 a month

Vawn Himmelsbach

Oct 29, 2026

Vawn Himmelsbach

Oct 29, 2026

Retirees will see a monthly bump of 3.6% on their Social Security retirement check starting in January, thanks to the annual cost-of-living (COLA) adjustment. On average, that translates to an extra $75 per month — the biggest bump in four years.

While that’s in line with inflation, will an extra $75 a month make a significant difference, especially for older Americans facing rising healthcare costs?

Vawn Himmelsbach

Oct 29, 2026

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Lorrie Ufkin, 71, told The Associated Press that the COLA increase “doesn’t even meet what they’re going to do for changes to Medicare.”

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