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Tag Archives: Medicare

SSA makes highest COLA raise in 7 years

October 11, 2018

The SSA announced on Oct. 11 that the 2019 cost-of-living-adjustment will be 2.8 percent, the highest annual raise in 7 years. More than 62 million retirees plus another 8 million Supplemental Security Income (disabled workers) beneficiaries will receive the bump in benefits for Jan. 1, 2019. The jump will mean a $39 per month raise

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SSA releases updated wage base for 2019

October 11, 2018

The Social Security Administration (SSA) has released the updated wage base for 2019 raising to $132,900. The release came on Oct. 11, 2018, and increases the wage base by $4,500 from the 2018 threshold of $128,400. For more information, visit https://www.ssa.gov/news/press/releases/2018/#10-2018-1. For guidance on Social Security and Medicare, contact your account manager or call 888-556-0123.

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