Cola 2024 Social Security Benefits

Cola 2024 Social Security Benefits. While cola increases the average monthly social security payment, it also increases medicare premiums. Learn how the 3.2 percent cola boost, the medicare premium offset, the social security tax hike, the earnings test and the eligibility rules affect your benefits in.

The increase will begin with benefits received in. Social security benefits will increase by 3.2% in 2024, the social security administration announced thursday morning.