Fair Square Medicare Wordmark

2024 Cost of Living Adjustment

Cover image

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

Talk to one of our Licensed Medicare Agents today to find the right plans for you.

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.

Speak with a Medicare Advocate

Talk to one of our Licensed Medicare Agents today to find the right plans for you.

Recommended Articles

Cover image

How Can I Get a Replacement Medicare Card?

Aug 14, 2023

Female physiotherapist helping elderly man in wheelchair do exercises with dumbbells at health center stock photo

What Does Medicare Cover for Stroke Patients?

Jan 20, 2023

Senior couple working at a computer stock image

Do I Need Medicare If My Spouse Has Insurance?

Dec 19, 2022

Enroll in Social Security step-by-step with the help of Fair Square stock image

How to Enroll in Social Security

Apr 28, 2023

woman in a therapist office stock photo

Does Medicare Cover Hypnotherapy?

Nov 22, 2022

Close up of a woman sitting on a bed experiencing back pain

Does Medicare Cover TENS Units?

Nov 23, 2022

Costco & Fair Square

Costco Pharmacy Partners with Fair Square

Jan 13, 2023

Cover image

Does Medicare Cover Cold Laser Therapy (CLT)?

Jun 14, 2023

COVID-19 at home test stock image

Does Medicare Cover COVID Tests?

Dec 21, 2022

Cover image

Does Medicare Have Limitations on Hospital Stays?

Mar 15, 2024

Psoriasis on elbow stock photo

Does Medicare Cover Ilumya?

Dec 7, 2022

Black debit card changing hands against a yellow background stock image

What's the Deal with Flex Cards?

Dec 15, 2022

Leg bones and knees, 3d rendering. stock photo

Does Medicare Cover Tymlos?

Dec 5, 2022

senior man with his glasses in his hand working in front of his laptop stock photo

Can I Change Medicare Advantage Plans Any Time? | Medicare Plans

Sep 19, 2022

Gastroenterologist doctor, stomach specialist. Aesthetic handdrawn highlighted illustration of human stomach. Neutral grey background, studio photo and collage. stock photo

Does Medicare Cover Bariatric Surgery?

Dec 27, 2022

Electrocardiograph with pacemaker stock photo

How Much Does a Pacemaker Cost with Medicare?

Nov 21, 2022

Cover image

2024 Cost of Living Adjustment

Nov 13, 2023

senior man reaching to his ear with jumbled letters going into the ear stock image

Does Medicare Cover Hearing Aids?

Nov 9, 2022

More of our articles

13 Best Ways for Seniors to Stay Active in Indianapolis

13 Best Ways for Seniors to Stay Active in Jacksonville

13 Best Ways for Seniors to Stay Active in Phoenix

15 Best Ways for Seniors to Stay Active in Denver

20 Questions to Ask Your Medicare Agent

2025 Medicare Price Changes

Building the Future of Senior Healthcare

Can I Have Two Primary Care Physicians?

Can Medicare Advantage Plans be Used Out of State?

Can Medicare Help with the Cost of Tyrvaya?

Do All Hospitals Accept Medicare Advantage Plans?

Do Medicare Supplement Plans Cover Dental and Vision?

Does Medicare Cover Abortion Services?

Does Medicare Cover an FMT?

Does Medicare Cover Cala Trio?

Does Medicare Cover Cartiva Implants?

Does Medicare Cover Cataract Surgery?

Does Medicare Cover Cervical Disc Replacement?

Does Medicare Cover Diabetic Eye Exams?

Does Medicare Cover Flu Shots?

Does Medicare cover Hyoscyamine?

Does Medicare Cover Incontinence Supplies?

Does Medicare Cover Inqovi?

Does Medicare Cover Ketamine Infusion for Depression?

Does Medicare Cover Macular Degeneration?

Does Medicare Cover Nexavar?

Does Medicare Cover Nuedexta?

Does Medicare Cover Orthodontic Care?

Does Medicare Cover Ozempic?

Does Medicare Cover Penile Implant Surgery?

Does Medicare Cover PTNS?

Does Medicare Cover RSV Vaccines?

Does Medicare Cover Scleral Lenses?

Does Medicare Cover the WATCHMAN Procedure?

Does Medicare Cover Urodynamic Testing?

Does Medicare Cover Zilretta?

Does Medicare Pay for Antivenom?

Does Medicare Pay for Funeral Expenses?

Does Medicare pay for Opdivo?

Does Medicare Pay for Varicose Vein Treatment?

Does Your Plan Include A Free Gym Membership?

Fair Square Bulletin: We're Revolutionizing Medicare

Health Savings Accounts (HSAs) and Medicare

How Does Medicare Pay for Emergency Room Visits?

How Much Does a Medicare Coach Cost?

How Much Does Medicare Cost?

How Much Does Medicare Part A Cost in 2025?

How to Become a Medicare Agent

How to Compare Medigap Plans in 2025

How Your Employer Insurance and Medicare Work Together

Is Botox Covered by Medicare?

Is Displacement Affecting Your Medicare Coverage?

Is Fair Square Medicare Legitimate?

Is PAE Covered by Medicare?

Is the Shingles Vaccine Covered by Medicare?

Last Day to Change Your Medicare Part D Plan

Medicare 101

Medicare Advantage MSA Plans

Medicare Advantage Plans for Disabled People Under 65

Medicare Guaranteed Issue Rights by State

Medicare Savings Programs in Kansas

Medigap Plan N vs. Plan G — Which One Fits You in 2025?

Medigap vs. Medicare Advantage

Plan G vs. Plan N

Turning 65 and Thinking of Keeping COBRA? Here’s Why It Usually Backfires

What Are Medicare Part B Excess Charges?

What Happens to Unused Medicare Set-Aside Funds?

What If I Don't Like My Plan?

What is a Medicare Beneficiary Ombudsman?

What is Plan J?

What People Don't Realize About Medicare

Will Medicare Cover Dental Implants?

Your Medicare One-Stop-Shop

Your guide to Medicare Parts A & B, Medicare Advantage, and Medigap. 100% free.

Get the Fair Square Bulletin

Medicare savings tips, helpful guides, and more.

About

Medicare 101

Current Clients

Medicare Supplement Plans

Medicare Advantage Plans

Fair Square 2025

Terms of Use
Notice of Privacy Practices

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