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Social Security, Veterans Disability Recipients to See 1.5 Percent COLA Increase in Benefits for 2014
Date:10/30/2013

perience typical increases. COLA increases are applied to veterans disability compensation and pension benefits, Social Security and Supplemental Security Income (SSI) benefits.

SSDI is a federally mandated disability insurance program overseen by the SSA that operates separately from the retirement and SSI programs. SSDI provides monthly benefits to individuals under full retirement age (age 65 or older) and who can no longer work because of a severe disability expected to last for more than 12 months or is terminal. Individuals must have paid FICA payroll taxes to be eligible.

Medicare Premiums in 2014
The standard Medicare Part B premium will be $104.90 in 2014, which is the same as 2013. The Part B deductible also remains unchanged at $147 per year. Note: Individuals with annual income higher than $85,000, filing individually, and $170,000, filing jointly, may pay more for Medicare Part B.

The Medicare program is important to SSDI beneficiaries who begin receiving Medicare 24 months after entitlement to cash SSDI benefits.

“Now that Medicare has announced premium information for 2014, participants can have more certainty about their costs next year,” said Paula Muschler, operations manager for the Allsup Medicare Advisor®, a nationwide Medicare plan selection service. “This is critical information for seniors and people with disabilities who are making decisions about their coverage for next year during Medicare annual open enrollment, which runs now through Dec. 7.”

Find Help with SSDI, Veterans and Medicare Questions
Allsup provides resources and assistance with Social Security Disability Insurance benefits, veterans disability appeals, and Medicare plan selection.

Veterans who are planning a VA disability appeal can receive assi
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