Effective January 2013, Social Security beneficiaries (including Disability beneficiaries) will receive a Cost of Living Allowance (COLA) increase of 1.7%. Supplemental Security Income (SSI) beneficiaries will receive the same COLA increase of 1.7%, but that increase is effective December 31, 2012.
The 2013 COLA increase is estimated to benefit more than 64 million beneficiaries. However, the COLA increase may be partially or entirely offset by Medicare premium increases which have not yet been announced.
For more information or to view the Social Security Administration’s press release, visit the SSA’s website here.
As experienced disability law attorneys, we are happy to answer your questions regarding your SSD or SSI benefits.
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.