Social Security Increase 2024 Medicare Increase. In 2024, the annual increase to social security benefits (cola) will be 3.2%. More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024.

The medicare and social security fair share. If you are enrolled in medicare, chances are you have premiums for part b — the part of the federal health care program that covers doctor visits and other outpatient treatment.