Estimated Cola For Social Security 2024 Increase. In its annual report released in march, the medicare trustees forecast that monthly part b premiums will increase from $164.90 in 2023 to $174.80 in 2024. Increased payments to almost 7.5.

When multiplied by 3.2% or 0.032%, the estimated cola, you can expect a monthly benefit in 2024 of about. In 2023, the social security administration indicated the cola would increase by 3.2% in 2024.