SSA Announces a Cost-of-Living Adjustment (“COLA”) for 2019

The Social Security Administration has announced a 2.8 percent benefit increase for 2019. This cost-of-living adjustment (“COLA”) will begin on December 31, 2018 for Supplemental Security Income (“SSI”) beneficiaries. Social Security Disability Insurance (“SSDI”) and Social Security Retirement recipients will see the effects of the COLA in their January 2019 benefit payments. This COLA will affect the more than 67 million Americans who receive monthly Social Security and Supplemental Security Income benefits.

Additionally, the maximum amount of earnings subject to Social Security tax will be increased from $128,400 to $132,900.

For more information on the 2019 COLA adjustment, please see https://www.ssa.gov/news/press/releases/2018/#10-2018-1

Got a question that you need answered? Please check out our website at www.westcoastdisability.com . We try to provide you with valuable information on our website that may help you navigate the Social Security Disability process. Also, feel free to shoot me an email at megan@westcoastdisability.com or call us at (800) 459-3017 x 103.