Social Security changes for 2018: The good and the bad
Nicolet Law Office, S.C.

Social Security changes for 2018: The good and the bad

Changes are coming for Social Security recipients. In October, the SSA (Social Security Administration) announced updates for 2018. As usual, for most of the 60 million Americans who receive benefits, these changes are a mixed bag.


The good news

Every year, the SSA adjusts payouts for inflation. In past years, these increases have been scarcely noticeable – a piddly 0.3 percent in 2017, for example. The cost of living adjustment for 2018, however, is a full 2 percent. This means the average recipient will see an increase of about $27 per month – the biggest hike in six years.

The bad news

Annual cost of living adjustments are based on inflation. With the economy weakening (thanks, in part, to hurricanes Harvey and Irma), many Social Security recipients are burdened with greater expenses. The cost of gas, for example, rose 13 percent in September alone. And health care costs continue to skyrocket. It’s doubtful that the increase in payouts will keep pace with the out-of-pocket expenses many recipients continue to incur.

What’s more, not everyone will get to take home the cost-of-living increase. For many, it will be offset by their Medicare hold-harmless clause.

More good news

Apart from the cost-of-living increase, 2018 will bring several more positive developments for Social Security recipients:

  • The maximum monthly payout will rise from $2,687 to $2,788 per month.
  • Recipients who are still working but haven’t yet reached full retirement age can take advantage of slightly higher earning caps. These caps will increase by $120 for those who won’t reach retirement age in 2018, and by $480 for those who will.
  • The income thresholds for those receiving Social Security Disability benefits will also go up, meaning you can earn a little more while still qualifying for benefits. The increases are modest: $10 per month for most recipients, and $20 per month for those who are legally blind.

More bad news

On the other hand, the age at which workers can claim full retirement continues to rise. In 2018, it will advance by two more months for those who will be turning 62, meaning full retirement age will be 66 1/3. This age will keep increasing in future years until it reaches 67 for those born in 1960 and onward.

Awards & Recognition

Our peers and independent third-party organizations have recognized the hard work and dedication we put into every case. This has led to numerous awards and accolades.

  1. Rated By Super Lawyers | Russel D. Nicolet
    Super Lawyers Rising Stars
    Avvo Rating 10.0 Superb | Top Attorney Personal Injury Avvo Rating 10.0 Superb | Top Attorney Bankruptcy
  2. The American Association of Legal Advocates Wisconsin Association for Justice BBB Accredited Business - A+
  3. Minnesota State Bar Association American Bar Association State Bar of Wisconsin
  4. BV Distinguished | Lexis Nexis | Martindale-Hubbell | For Ethical Standards and Legal Ability The National Trial Lawyers Million Dollar Advocates Forum

Personal Attention To You -
Personal Dedication To Your Case

Contact us today for a free consultation where you will speak directly with one of our attorneys. We are conveniently located for your accessibility, with offices in Hudson, Eau Claire, and five other cities throughout the region. If your condition prevents you from coming to one of our offices, we will happily meet with you at your home or another location that is comfortable for you.

Call Us: 800-456-6956

  • In Wisconsin, call: 715-802-0872
  • In Minnesota, call: 651-243-2872

Tell Us About Your Case We’ll review your case details and contact you with an action plan.

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Email Us For A Response

Wisconsin Offices

Hudson Office
511 2nd Street Suite 203
Hudson, WI 54016

Hudson Law Office Map

Rice Lake Office
337 N. Main Street
Rice Lake, WI 54868

Rice Lake Law Office Map

Eau Claire Office
402 Graham Ave, Suite 305
Eau Claire, WI 54701

Eau Claire Law Office Map

Superior Office
1200 Tower Ave.
Superior, WI 54880

Superior Law Office Map

New Richmond Office
1500 Madison Ave., Suite 220
New Richmond, WI 54017

New Richmond Law Office Map

Wausau Office
408 Third Street, Suite 303
Wausau, WI 54401

Wausau Law Office Map

Woodbury Office
724 Bielenberg Drive, Suite 126
Woodbury, MN 55125

Woodbury Law Office Map

Duluth Office
109 North 2nd Avenue West
Duluth, MN 55802

Duluth Law Office Map

Hibbing Office
Howard Court Bldg.
302 Howard St. , Ste. 123
Hibbing, MN 55746

Hibbing Law Office Map

Minnesota Offices