What Is The Estimated Cola Increase For 2024. For more information, check out our blog. Social security recipients will get a 3.2 percent increase in their monthly payments next year, the social security administration (ssa) announced oct.
In 2023, the social security administration indicated the cola would increase by 3.2% in 2024. Because they can affect premiums, “the rising costs of alzheimer’s drugs covered by medicare may also play a role in determining the final benefit amount for 2024,” schreiber says.
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