2024 Cost of Living Adjustment
By Daniel Petkevich
Nov 13, 2023
SSA & COLA Impacts for 2024
Social Security is a vital source of income for millions of seniors, and the annual Cost of Living Adjustment (COLA) is a topic of great interest and importance. Each year, the Social Security Administration (SSA) evaluates the COLA to help seniors maintain their purchasing power in the face of inflation.
Speak with a Medicare Advocate
2024
In 2024, the COLA will increase by 3.2%. On average, Social Security retirement benefits increased by over $50 per month starting in January.
2025
In 2025, the COLA will increase by 2.5%. On average, Social Security retirement benefits will increase by about $48 per month starting in January.
Recommended Articles
Do I Need to Renew My Medicare?
Nov 29, 2022
Does Medicare Cover Shock Wave Therapy for Plantar Fasciitis?
Nov 30, 2022
Is PAE Covered by Medicare?
Nov 23, 2022
Saving Money with Alternative Pharmacies & Discount Programs
Feb 1, 2024
Does Medicare Cover Exercise Physiology?
Jan 11, 2023
2024 Fair Square NPS Report
Mar 19, 2025
Comparing All Medigap Plans | Chart Updated for 2025
Aug 1, 2022
Is Displacement Affecting Your Medicare Coverage?
Oct 6, 2022
Do You Need Medigap if You're Eligible for Both Medicare and Medicaid?
Jan 7, 2023
Does Medicare Pay for Bunion Surgery?
Nov 29, 2022
Turning 65 and Thinking of Keeping COBRA? Here’s Why It Usually Backfires
Jul 15, 2025
What You Need to Know About Creditable Coverage
Jan 18, 2023
How Much Does a Medicare Coach Cost?
Mar 20, 2023
Denied Coverage? What to Do When Your Carrier Says No
Jul 15, 2025
Is Balloon Sinuplasty Covered by Medicare?
Dec 1, 2022
Does Medicare Cover Disposable Underwear?
Dec 8, 2022
Does Medicare Cover Hepatitis C Treatment?
Nov 22, 2022
Does Medicare Cover TENS Units?
Nov 23, 2022
More of our articles
10 Top Medicare Supplement (Medigap) Companies for 2025
13 Best Ways for Seniors to Stay Active in Columbus
13 Best Ways for Seniors to Stay Active in Indianapolis
13 Best Ways for Seniors to Stay Active in Jacksonville
14 Best Ways for Seniors to Stay Active in Washington, D.C.
14 Best Ways to Stay Active in Charlotte
20 Questions to Ask Your Medicare Agent
2024 Fair Square Client Retention and Satisfaction Report
2025 Medicare Price Changes
Can I Change My Primary Care Provider with an Advantage Plan?
Can Medicare Advantage Plans Deny Coverage for Pre-Existing Conditions?
Can Medicare Help with the Cost of Tyrvaya?
Costco Pharmacy Partners with Fair Square
Do I Need Medicare If My Spouse Has Insurance?
Does Medicare Cover Abortion Services?
Does Medicare Cover Cataract Surgery?
Does Medicare Cover Compounded Medications?
Does Medicare Cover Cosmetic Surgery?
Does Medicare Cover COVID Tests?
Does Medicare Cover Diabetic Eye Exams?
Does Medicare Cover Driving Evaluations?
Does Medicare Cover Fosamax?
Does Medicare Cover Geri Chairs?
Does Medicare cover Hyoscyamine?
Does Medicare Cover Hypnotherapy?
Does Medicare Cover Inspire for Sleep Apnea?
Does Medicare Cover Iovera Treatment?
Does Medicare Cover Jakafi?
Does Medicare Cover Kyphoplasty?
Does Medicare Cover Linx Surgery?
Does Medicare Cover LVAD Surgery?
Does Medicare Cover Medical Marijuana?
Does Medicare Cover Mental Health?
Does Medicare Cover Nexavar?
Does Medicare Cover Ozempic?
Does Medicare Cover Stair Lifts?
Does Medicare Cover Urodynamic Testing?
Does Medicare Pay for Funeral Expenses?
Estimating Prescription Drug Costs
Fair Square Bulletin: We're Revolutionizing Medicare
Gap Health Insurance: The Secret Sidekick to Your High-Deductible Plan
How Can I Get a Replacement Medicare Card?
How Do Medigap Premiums Vary?
How Does Medicare Pay for Emergency Room Visits?
How Does the End of the COVID-19 Public Health Emergency Affect Your Medicare?
How Medicare Costs Can Pile Up
How Much Does a Pacemaker Cost with Medicare?
How Much Does Medicare Cost?
How Much Does Medicare Part A Cost in 2025?
How Much Does Rexulti Cost with Medicare?
How Much Does Xeljanz Cost with Medicare?
How Often Can I Change Medicare Plans?
How to Become a Medicare Agent
How to Enroll in Social Security
Is Emsella Covered by Medicare?
Is the Shingles Vaccine Covered by Medicare?
Is Vitrectomy Surgery Covered by Medicare?
Medicare & Ozempic
Medicare 101
Medicare Advantage MSA Plans
Medicare Consulting Services
Medicare Explained
Medicare Savings Programs in Kansas
Plan G vs. Plan N
Seeing the Value in Fair Square
Should You Work With A Remote Medicare Agent?
Welcome to Fair Square's First Newsletter
What Does Medicare Cover for Stroke Patients?
What Happens to Unused Medicare Set-Aside Funds?
What is the Medicare ICEP?
What To Do If Your Medicare Advantage Plan Is Discontinued
When to Choose Medicare Advantage over Medicare Supplement
Get the Fair Square Bulletin
Medicare savings tips, helpful guides, and more.
Virgil Insurance Agency, LLC (DBA Fair Square Medicare) and www.fairsquaremedicare.com are privately owned and operated by Help Button Inc. Medicare supplement insurance plans are not connected with or endorsed by the U.S. government or the federal Medicare program. This is a solicitation of insurance. A licensed agent/producer may contact you. Medicare Supplement insurance is available to those age 65 and older enrolled in Medicare Parts A and B and, in some states, to those under age 65 eligible for Medicare due to disability or End-Stage Renal disease. Virgil Insurance Agency is a licensed and certified representative of Medicare Advantage HMO, HMO SNP, PPO, PPO SNP and PFFS organizations and stand-alone PDP prescription drug plans. Each of the organizations we represent has a Medicare contract. Enrollment in any plan depends on contract renewal. The plans we represent do not discriminate on the basis of race, color, national origin, age, disability, or sex. Plan availability varies by region and state. For a complete list of available plans please contact 1-800-MEDICARE (TTY users should call 1-877-486-2048), 24 hours a day/7 days a week or consult www.medicare.gov. © 2025 Help Button Inc
We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all of your options.
MULTIPLAN_FairSquareMedicare_01062022_M
Fair Square Medicare
