The 1.3 percent cost-of-living adjustment (COLA) will begin with benefits payable to more than 64 million Social Security beneficiaries in January 2021. Increased payments to more than 8 million SSI beneficiaries will begin on December 31, 2020. (Note: some people receive both Social Security and SSI benefits). The Social Security Act ties the annual COLA …
Tag: COLA
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Jan 07 2020
Cost of Living Adjustment and Other January Changes to Social Security
Each year, the annual cost-of-living adjustment (COLA) is announce. By law, federal benefits increase when the cost of living rises, as measured by the Department of Labor’s Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). Usually, there is an increase in the benefit amount people receive each month, starting the following January. …
Permanent link to this article: https://www.50plusmarketplacenews.com/343932/social-security-today/cost-living-adjustment-january-social-security
Oct 02 2017
2018 Medicare Updates
By Eileen Doherty Open enrollment for Medicare beneficiaries begins October 15 and ends December 7, 2017. Medicare beneficiaries need to review their current health insurance coverage primarily for prescription drugs through Medicare Part D. For those individuals who are currently enrolled in a Medicare Advantage Plan and want to change plans or return to original …
Permanent link to this article: https://www.50plusmarketplacenews.com/9695/colorado-gerontological-society/2018-medicare-updates