Cost of Living Adjustment for SSDI Benefits
Las Vegas Social Security Disability Representatives
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
Increasing Disability Benefits
Cost of living adjustments are possible for people who receive Social Security
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 or representative 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 office at (888) 421-8705 to learn more.