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Tags Posts tagged with "COLA"

COLA

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The Office of Developmental Programs (ODP) has shared ODPANN 25-105. The purpose of this communication is to provide notice that the Federal Supplemental Security Income (SSI) payment will increase beginning in January 2026.

The SSI federal program provides benefits to adults and children who meet the SSA’s requirements for disability, income, and resources. This income benefit is designed to help qualified individuals meet basic needs for food, clothing, and shelter. Periodically, COLA affects the maximum monthly allotment. Effective January 2026, the SSA increased the SSI allotment by 2.8 percent to reflect an increase in the cost of living.

To account for the new COLA, room and board agreements should be reviewed to determine appropriate adjustment. The Room and Board Residency Agreement § 6100.687 (DP 1077) is found on the MyODP website.

Please see the bulletin for additional information. If you have any questions, please reach out to your Office of Developmental Programs (ODP) Regional Office.

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The Office of Developmental Programs (ODP) has issued ODPANN 24-124 to provide notice that the Federal Supplemental Security Income (SSI) payment will be increasing.

Effective January 2025, the Social Security Administration (SSA) increased the SSI allotment by 2.5 percent to reflect an increase in the cost of living. This raises the maximum monthly income to $967 for an eligible individual, $1,450 for an eligible individual with an eligible spouse, and $484 for an essential person.

There is no anticipated increase in the State Supplementary Payment (SSP) for 2025.

Please see the announcement for further information. If you have any questions, please reach out to your Office of Developmental Programs (ODP) Regional Office.

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The Office of Developmental Programs (ODP) has shared ODPANN 23-103: Social Security Administration (SSA) Announces 2024 Cost of Living Adjustment (COLA). This announcement discusses the upcoming COLA increase to the Federal Supplemental Security Income (SSI) payment, beginning in January 2024. Please view the announcement for further information and details.

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ODP Announcement 22-127 reports that, effective January 2023, the Social Security Administration (SSA) will increase the SSI allotment by 8.7 percent to reflect an increase in the cost of living. This raises the maximum monthly income to $914 for an eligible individual, $1,371 for an eligible individual with an eligible spouse, and $458 for an essential person. To account for the new Cost of Living Adjustment (COLA), Room and Board contracts should be reviewed to determine appropriate adjustment. The Office of Developmental Programs (ODP) has finalized a new Room and Board Residency Agreement § 6100.687 (DP 1077), which can be accessed here.

If a provider has already begun the process of adjusting the room and board payment for 2023 using the DP 1051, this form will continue to be accepted as current until the annual due date or until a change requires that a new form is completed. The provider must use the DP 1077 at the next annual due date or when there is a change

If you have any questions, please reach out to your ODP Regional Office.

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