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The Latest News about COLA

Social Security Administration Announces 2.0% COLA Increase

The Social Security Administration announced Friday that it will increase Social Security and Supplemental Security Income benefits for more than 66 million Americans by 2.0%. “The 2.0 percent cost-of-living adjustment (COLA) will begin with benefits payable to more than 61 million Social Security beneficiaries in January 2018, SSA said in a statement. “Increased payments to more than 8 million SSI ...

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2013 Medicare premium increase will cut into COLA for Seniors

The anticipated 2013 1.7% cost-of-living adjustment (COLA) for Social Security recipients will likely be wiped out by an expected 7-9% in Medicare part B premiums next year. Private analysts expect the $99.90 part B premium for incomes up to $85,000 to rise by as much as $9 while the government’s projection anticipate a $7 per month increase. At around $100 ...

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