Times Are Tough by Social Security Disability Benefits are Rising
For the first time since 2009, Social Security Disability recipients will get a cost of living adjustment known as a COLA of 3.6%. But, Medicare can eat up that increase. If you are enrolled in Medicare, your insurance premium has been deduced from your Social Security checks. Medicare premiums will be determined by Medicare in November 2011.
This increase may not mean that you are getting ahead, but it may just keep you from falling further behind. We realize that getting benefits is an important benefit of getting your Social Security Disability benefits. If your Social Security Disability claim has been delayed or denied. Contact Social Security Disability experts Cavey and Barrett at 727.894.3188.
The Truth About Social Security COLA’s
A COLA isn’t a soft drink, it’s a cost of living adjustment to your Social Security check that helps you keep pace with inflation. For the first time since 2009, Social Security Disability recipients will receive a 3.6% cost of living adjustment. A cost of living adjustment is tied to inflation. On average, Social Security recipients get $1,082 per month or about $13,000 per year; this COLA should be about $68 a year to the average recipient’s Social Security Benefits.
You can learn more about your rights to Social Security Disability Benefits by contacting us at 727.894.3188
Source **October 20, 2011 USA Today Money Section B**