Social Security 2024 Fact Sheet. For 2024, we increased the. Each year, the medicare part b premium, deductible, and coinsurance rates are determined according to provisions of the social security act.

A 3.2% cola for 2024 would increase an average. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024.