26 Dec Social Security Cost of Living Increase 2019
Marken Law Group, PS, has helped hundreds obtain Social Security Disability benefits through SSDI and SSI programs. We help people at the initial application stage, appealing for reconsideration, appealing for an administrative hearing, appeals council, and even Federal District Court appeals. We do not obtain a fee unless you get the hard earned benefits you deserve!
If you are ALREADY on Social Security, you should have gotten paperwork in the mail regarding Cost-Of-Living-Adjustment or “COLA” indicating your Social Security Disability benefits will RISE (GREAT NEWS) in 2019 by a whopping 2.8%. This is the LARGEST COLA increase since 2012!
Be aware, however, the government announced a slight rise in monthly premium costs for Medicare Part B will go up in 2019. This increase could affect actual individual benefits because the premium is deducted from Social Security payments. Part B Medicare covers physician and diagnostic services, outpatient hospital services, certain home health services and durable medical equipment.
If Medical PART B does not affect you, the modest bump is significant as in years past there have been NO COLA increases.
If you would like more information on the announcement, go here.
Marken Law Group, PS, is here to answer your call for obtaining disability benefits through the Social Security Administration. Happy New Year!