However, it may not mean a heck of a lot in the end. Why?
First, the COLA (low by historical standards) doesn’t actually track the cost of living for those over 65. The government uses the CPI-W index, instead of 2017’s COLA may not be much of an increase after all. Second., I appears likely that when the 2018 part B premium increases are released, it may eat up most, if not all, of your increase.