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+ weeks 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 month+ 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
SOCIAL SECURITY 2024 COLA is 3.2%
Due to inflation, the Consumer Price Index (CPI-W) for 2023 led to a substantial Cost of Living Adjustment of 8.7%. As inflation has dipped considerably the hike for 2024 will only be 3.2%.
The CPI-W is measured from the third quarter of 2022 through the third quarter of 2023.
The estimated average SS benefit all retired workers in 2024 will be $1,907, after the increase, up from $1,848 this year.
The average for a retired couple will be $3,033, up from $2,939.
The average disabled worker will receive $1,537, up from $1,489.
The amount necessary to earn a quarter of coverage for 2024 will be $1,730. The threshold for Substantial Gainful Activity (SGA) in 2024 will be $1,550 per month.
Call today if you have questions about the Michigan Social Security Disability Attorney and Lawyer Services provided by William Crawforth.
To schedule an appointment call 800-864-1244 or fill out the contact form at the top of this page.
