Large Firm Service. Small Firm Attention.

choosing a health care agent

Social Security Administration Announces Two Percent Cost of Living Adjustment for 2018

Published October 17, 2017

The Social Security Administration (SSA) recently announced a 2% Cost of Living Adjustment (COLA) for beneficiaries of Supplemental Security Income (SSI) and Social Security Benefits. This 2% increase marks the largest COLA increase since 2012 when the COLA increase was 3.2%, and according to the SSA’s October 13, 2017 press release the increase is expected to affect the benefits of approximately 61 million Social Security recipients and 8 million SSI beneficiaries.

For individual SSI beneficiaries, the COLA increase translates to an increase from $8,830.84 per year in 2017 (a monthly benefit of $735) to $9,007.46 per year in 2018 (a monthly benefit of $750.) Correspondingly, the one-third reduction assessed to an SSI recipient whose food and shelter are provided for by a source other than the SSI recipient has increased from a $245 maximum reduction in 2017 to a $250 maximum reduction in 2018.

For more information concerning the 2018 COLA increase visit:  and

Learn more about elder lawestate planning and special needs planning at,  & Have questions about this article? Contact us.

Was this article of interest to you? If so, please LIKE our Facebook Page by clicking here.

Explore In-Depth

New York City, Central Park, from above

Corporate & Securities

Man Fishing with his Grandson

Elder Law & Estate Planning

Mother with Special Needs Child Playing in Child's Room

Special Needs Planning

Father reading to his daughters

Special Education Advocacy