Blog
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We already knew Social Security benefits were rising 2.5% due to the Cost of Living Adjustment (COLA). We now know Medicare premiums will increase, as well, cutting into the increase for most recipients. Centers for Medicare and Medicaid Services (CMS) has announced the part B premium for most recipients will increase by $10.30 from $174.70…
3 days ago -
Just when the Social Security Agency finally had a progressive, engaged commissioner in former mayor of Baltimore and governor of Maryland, he’s gone. Effective November 29th Martin O’Malley is resigning to run for chairman of the Democratic National Committee. Among other positive changes made during O’Malley’s all too brief tenure as commissioner was modification of…
a week+ ago
News
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Summer 2021 Newsletter STILL STANDING…AND PRACTICING I published the first issue of Social Security & You in Spring of 1993. Some years I’ve published more issues than others. The most recent issue was dated Spring 2019: over 2 years ago. The world was a much different place then. Especially for me. Read the full newsletter…
3+ years ago -
Spring 2019 Newsletter An Opioid Story I’ve changed his name. Let’s call him Gerald. He was a laborer. And by that I don’t mean that he just did physical work. He was a card-carrying member the Labor’s Union local. And that meant a lot to him. I represented him for Social Security disability and Michigan…
5+ years ago
SSA ANNOUNCES COLA for 2021
The Social Security Administration has announced a cost of living increase (COLA) of 1.3% for the 70 million Americans receiving Social Security Retirement, Survivors and Disability insurance benefits, as well as Supplemental Security Income (SSI) benefits in 2021.
Social Security benefits are adjusted annually when the cost of living, as measured by the Department of Labor’s Consumer Price Index (CPI-W), increases. The index for the 3rd quarter of 2020 was measured against the 3rd quarter index for 2019 to calculate the increase.
The maximum Social Security benefit for 2021 will increase from $3,011 per month to $3,148 per month. The SSI benefit for an individual will rise from $783 per month to $794 per month. SSI benefits for a married couple will rise from $1,175 per month to $1,191 per month.
The average SS Disability benefit will rise from $1,261 per month to $1,277 per month while the average SS Retirement benefit will rise from $1,523 per month to $1,543 per month.
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