Cola 2024 Update Today Latest News. When your january payment arrives, as. According to the associated press, the cola is likely to come in at 2.5%, down from the 3.2% increase for 2024 and significantly less than the 8.7% increase in 2023.

In an annual report released earlier this year, the medicare trustees forecast that monthly part b premiums will increase from $164.90 in 2023 to $174.80 in 2024. Social security checks with the new cost of living adjustment for 2024 have started going out.