Las Vegas Social Security Disability Representatives
Cost of Living Adjustment for SSDI Benefits
A cost of living adjustment, or COLA, is an increase in your disability benefits and ensures that your payments keep up with inflation. While COLA increases can be very small, even a seemingly insignificant amount to a person living on a fixed income can be major. At Disability Action Advocates, our Social Security Disability Advocates understand what it is to live on a very small monthly budget and how difficult it is to make ends meet.
Increasing Disability Benefits
Cost of living adjustments are possible for people who receive Social Security benefits, including SSD benefits under both Social Security Disability Insurance, or SSDI, and SSI, or Supplemental Security Income. The Social Security Administration bases the COLA on the Consumer Price Index (CPI), which is the measure of inflation in the United States given by the Bureau of Labor Statistics.
This CPI measures purchases made, such as:
- Transportation and gas
- The cost of medical care
- Recreation and leisure
- Miscellaneous purchases
The cost of living adjustments have decreased in recent years. Currently, the COLA is 0.3% for benefits, as of December 2016.
Assisting Those in Need of Greater Benefits
Our Social Security Disability advocates work daily with people from all kinds of backgrounds who have suffered hardships, and strive to make sure you are receiving the full benefits needed. We are proud of our involvement in many non-profit activities and have supported our communities through homeless outreach and fundraising for mental health awareness. We invite you to contact an attorney at your earliest opportunity to learn more about COLA and how we may be able to help with your Social Security Disability needs.
Contact DAA online or call our firm at (888) 421-8705 to learn more.