Cola Increase 2024 Ssi Increase. This is an automatic update and you don’t need to. No matter what 2024's social security cola ends up being, seniors should be aware that a hike in medicare part b premiums has the potential to whittle that raise.
Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024. If you receive ssi, you’ll get a payment on dec.