The American Institute for Economic Research estimates that the 2014 Cost of Living Adjustment (COLA) for Social Security benefit recipients is likely to be between 1.4 and 1.6 percent. Social Security COLA increases have been low in recent history as a result of low rates of inflation. This COLA increase is less than the 2.5 percent increase in the cost of medical care that is said to have occurred this year. The COLA increase will affect Social Security Retirement beneficiaries as well as recipients of Social Security Disability benefits.
For more information, check out CNN’s article on the Social Security COLA for 2014.
How Our Disability Attorneys Can Help You
At Andalman & Flynn, our experienced disability attorneys provide legal representation to those in need of Social Security Disability, as well as other disability insurance and retirement benefits. If we can be of assistance to you regarding disability benefits, please call us at (301) 563-6685 or toll-free at (888) 558-7871. You can also complete an online contact form on our website and one of our disability attorneys will contact you for a consultation concerning your situation.
We have significant experience representing clients seeking disability benefits. For more information and how you may be impacted, contact one of our Disability Benefits attorneys, Elliott Andalman and Peter Casciano.