2024 Social Security Increase Cola Increase Date. In 2024, the standard monthly medicare part b. Social security benefits will increase by 3.2% in 2024, the social security administration announced thursday morning.
The social security administration said the increased payments with the 2024 cola for supplemental security income (ssi) recipients began december 29, 2023, as january 1 is a holiday. No matter what 2024’s social security cola ends up being, seniors should be aware that a hike in medicare part b premiums has the potential to whittle that raise.
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