Share of Cost – Social Security Increase in 2020

Saturday, Feb. 15th 2020 5:51 AM

In case you didn’t know, your Social Security benefits may be increased each year, partially depending on inflation numbers. For 2020, the Social Security cost of living adjustment is expected to be around 1.8%.

People that have an Share of Cost requirement due to their income, may have to spend down their income to avoid having a share of cost so they do not lose medical benefits needed.

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