COVID relief is a priority for the Biden administration which is why a lot of relief programs are introduced and reviews are being made to existing programs like the Social Security Administration’s Cost-of-Living Adjustment (COLA) which has been increased by 5.9% for the year 2022 and everyone is excited.
In 40 years, this is the highest increment ever recorded In the history of SSA. Recipients you get a calculator to know how much that means. Simply multiply how much you earn before by 5.9; then divide your answer by 100. That is how. much is being added to your SSA money.
Who will benefit from these Increments
Over 70 million Americans under different categories will directly benefit from the SSA COLA’s 5.9% increase. The first category of beneficiaries is the Supplemental Security Income Recipients (SSI). These are those whose disability has limited their full capacity to work and earn beyond a certain threshold.
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The second category of beneficiaries is the SSA’s Retirement Benefit Program Recipients. These people are retired from at least 10 years of work, they are 62 years older. The 3rd categories are the Social Security Disability Insurance (SSDI) recipients. These people were actively working but disability made them stop working.
When is the COLA coming in 2022?
The first recipients of COLA in 2022 will be the recipients of the Supplemental Security Income. SSI. This will go to about 8 million people by December 30, 2021. Recipients should expect their money on the first of every month.
The over 61 million Recipients of the Retirement Benefit Program are the next in line to be paid after the SSI recipients. Birthdays will determine when the money will come for those in this category. Birthdays from 1st to 10th of the month will get paid on the second Wednesday of the month.
Birthdays from 11th to 20th of the month will get paid on the third Wednesday of the month. Birthdays from 21st to the end of the month will get paid on the fourth Wednesday of the month.
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It’s time for recipients to visit their social security accounts to know how much increase they are expecting. Letters will be also be sent to recipients.
This is a shame that you would not give people on soc sec a 4 th stimulus check!!! This makes the 5 year in a row that my soc sec has been cut to pay extra for Medicare, my second insurance, and my deductibles for medications and insurance. I am 70 years old , bad health. I asked Medicaid for help and was told I made $10.00 to much to qualify for help. But yet I keep making less and less. I , along with millions of others signed a letter asking for one more stimulus check to get our feet back under us for this winter. Where I live, we do NOT have a g go pod bank. One church is open on Sunday afternoon for 2 hours and you can only come there 3 times a YEAR!!!! I worked over 35 years and deserve better from my government! I pay the same as you for milk, bread, gas etc. I just pay more for medications as I am old and sick!!! I live 95 miles from my hospital and doctors and stores that is one way only. Do you people think about us that have the same bills you do but have to pay a lot more??? Or would you prefer we just die do you won’t have to think and think about us. I have never asked for help before. But this time I am begging you to help us. Check out our zip code and see how far we have to travel to a real hospital not a med center. Is this the way you want your mother, sister, daughters treated? Then give us one more check to cover the bills we are being given to take care of Texas last winter. They raise our electric and gas by $12.00 each for there stupidness. I can not pay mine but now I have to pay theirs. Wake up and see what they are doing to us old people.