Watch out for a notice in the mail about the January cost of living adjustment if you collect Social Security benefits. Don’t discard it. It may be required for various purposes, such as providing evidence of the benefit amount when requesting loans or energy assistance.
Revised COLA
The SSA’s letter informs recipients of their revised 2023 benefit level, which will rise by 8.7% in January. The first COLA payment will be made to Supplemental Security Income recipients in December. This check will increase for around 65 million Americans in 2023, according to the SSA. You can appeal to the Social Security Administration if your COLA payment is more significant or lower than you anticipated. Your COLA letter or COLA e-mail will serve as a kind of evidence of income, according to the Social Security Administration.
Notice For COLA
Do you receive Social Security benefits and have a question about the December payment amount you see in your personal my Social Security account? Learn more. https://t.co/k9yrSLkBfp
— Social Security (@SocialSecurity) December 1, 2022
Check out this cheat sheet to know your benefits and when you can anticipate receiving your Social Security payment in December for more information about your benefits. According to the Social Security Administration, letters are mailed out throughout December. That implies that your notice might already be on its way or already be here. We advise checking your inbox every day, just in case. Please refrain from contacting the Social Security office if you haven’t gotten it yet. The SSA advises you to hold off on approaching the message until January.
You must be able to obtain your statement in the Messages Center if you have an online My Social Security account by November 15th. You will have to wait for the letter to reach if not. Here is a Social Security cheat sheet for 2022, along with information on when to anticipate receiving your COLA payment and an explanation of why the COLA is more excellent in 2023 reports CNET.
Related Stories:
Social Security Update: The Biggest Benefit Increase In Almost 40 years Will Go Into Effect In Few Days
Social Security COLA 2023: Massive Increase In COLA To Take Effect Soon
COLA 2023: Largest Social Security Benefit Increase Since 1981 To Be Announced
COLA 2023: Significant Social Security Changes Commencing from January 2023
Social Security’s COLA 2023 Increases; Check details
Social Security COLA: Recent COLA Increase Might Be Reason To Collect Benefits Early
Social Security COLA 2023: Americans May Receive December Raise; Are You Eligible?
COLA 2023: Check If You Are Eligible To Apply for Social Security Before COLA Takes Effect
