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SSA Pays 2.0 Percent COLA for 2018

October 31, 2017

Monthly Social Security and Supplemental Security Income (SSI) benefits will increase 2.0 percent in 2018, a welcome change from very small cost of living adjustments (COLAs) in recent years.

The monthly SSI federal benefit rate for an individual will go up $15 to $750; the monthly rate for a couple goes up $22 to $1,125. The New York supplement will continue at $87 for individuals and $104 for couples living alone; the living with others supplements remain at $23 and $46, respectively. We will post the 2018 New York State SSI benefit chart when it is available.

With this COLA, other SSA’s benchmarks also saw some increases. Substantial Gainful Activity (SGA) threshold for Non-Blind has increased to $1,180 per month. The SGA level for blind workers went to $1,970. The Trial Work Period (TWP) threshold increased to $850 per month (from $840). The quarter of coverage amount has increased to $1,320. The maximum taxable earnings for OASDI (old-age, survivors and disability insurance) purposes will go to $128,700 in 2018.

Most beneficiaries will continue to pay Medicare   Part B monthly premiums of $109.00 per month in 2018. Some higher earning beneficiaries will have higher premium rates. Information about 2018 Medicare changes will be available at www.medicare.gov.

For SSA’s Fact Sheet on 2018 Social Security Changes, see https://www.ssa.gov/news/press/factsheets/colafacts2018.pdf

 





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