Cola Increase 2024 Social Security Rate. Social security and supplemental security income (ssi) benefits for more than 71 million americans will increase 3.2 percent in 2024. Earlier this year, the medicare board of trustees estimated that the part b premium, which is automatically deducted from monthly social security checks, would climb by $10.30, or 5.9%, to $185.
The latest cola is 3.2 percent for social security benefits and ssi payments. The new amounts, the result of the agency’s annual.