The annual cost-of-living adjustment (COLA) usually means an increase in the benefit amount people receive each month. By law, the monthly Social Security and Supplemental Security Income (SSI) federal benefit rate increases when there is a rise in the cost of living. The government measures changes in the cost of living through the Department of Labor’s Consumer Price Index (CPI-W). Continue reading
Category Archives: Cola
2015: The Year In Review
2015 was a special year for Social Security – we launched our very first blog, “Social Security Matters.” This blog has helped us cover the issues and concerns that are most important to our beneficiaries and their families. Thank you for reading our blog and joining the conversation about Social Security. We look forward to having more conversations with you in the upcoming year.
While we were partial to storytelling about the 80th Anniversary of the Social Security Act, we invite you to check out our top ten Social Security Blog Posts for 2015:
The Medicare open enrollment period ran from October 15 through December 7. This was the time to make changes to your current Medicare coverage for 2016. To get a jump-start on open enrollment season, we offered five helpful tips to make sure you were prepared to Continue reading
No Cost-of-Living Adjustment for 2016
Social Security’s annual cost-of-living adjustment (COLA) is an increase in the benefit amount people receive each month. By law, the monthly Social Security and SSI federal benefit rate increases when there is a rise in the cost of living. The government measures changes in the cost of living through the Department of Labor’s Consumer Price Index (CPI-W).
Continue reading