Estimated 2024 Social Security Cola Increase. That’s because inflation skyrocketed in 2022 but has started. Earlier this year, the medicare board of trustees estimated that the part b premium, which is automatically deducted from monthly social security checks, would.

Earlier this year, the medicare board of trustees estimated that the part b premium, which is automatically deducted from monthly social security checks, would. The latest cola is 3.2 percent for social security benefits and ssi payments.