SOCIAL SECURITY ANNOUNCES COST OF LIVING RAISE FOR 2025

On October 10, 2024 Social Security announced the Cost of Living Adjustment (COLA) for 2025.

The COLA is 2.5 percent.

Staring in January 2025 beneficiaries will receive an average increase of $48 per month.

This increase is automatic and you don't need to do anything to get it.

By the way, the Part B Medicare premium (the part you pay) has increased for 2025. The old premium for most beneficiaries was $174. For 2025 this premium increases to $185 per month. This premium is commonly deducted from your Social Security check; however, there are other ways that it can be paid.

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If you or a loved one need compassionate, effective assistance with getting approved for Social Security disability (SSDI), call Charles W. Forsythe at The Forsythe Firm in Huntsville, AL (256) 799-0297. Free consultations.

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