It’s important to stay on top of your Social Security benefits to ensure you’re receiving the maximum amount you’re entitled to. One common mistake that many people make is failing to update their address with the Social Security Administration (SSA). If you’ve recently moved, it’s crucial that you notify the SSA of your new address to avoid missing out on important information and potential benefits.
One example of this is the Cost-of-Living Adjustment (COLA) increase, which is set to take effect in 2023. The COLA increase is designed to help beneficiaries keep up with the rising cost of living, and it could potentially result in a higher Social Security payment for you. If you’re not receiving your benefits because the SSA has the wrong address on file, you could miss out on this important increase.
In addition to the COLA increase, it’s also important to make sure you’re receiving the correct payment for Supplemental Security Income (SSI) and/or Social Security Disability Insurance (SSDI) if you’re eligible. If you think you may be missing out on benefits or have any other questions about your Social Security payments, it’s a good idea to contact the SSA as soon as possible to resolve any issues.
To avoid these mistakes and ensure you’re receiving the maximum benefit you’re entitled to, make sure to keep your address updated with the SSA and stay informed about any changes or updates to your benefits. Don’t wait until it’s too late – take action now to ensure you’re getting the support you need.