Cola 2024. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024. The adjustment is far lower than the 8.7% benefit boost for 2023.
In its annual report released in march, the medicare trustees forecast that monthly part b premiums will increase from $164.90 in 2023 to $174.80 in 2024. In addition to a 2024 cola announcement, the ssa will put out a fact sheet on other.