If you’ve seen ads or received calls claiming you need to “claim” your Cost-of-Living Adjustment (COLA) for Social Security, it’s important to understand that these are scams. The COLA increase is automatically applied to your benefits, meaning you don’t need to take any action to receive it.
Legitimate Social Security adjustments happen without any effort on your part, so anyone suggesting otherwise is likely trying to deceive you for personal gain.
These scammers may employ various tactics to pressure you into providing personal information or payment. It’s crucial to stay vigilant and protect yourself from these fraudulent schemes. Always remember: Social Security will never ask you to pay for your benefits or make you “claim” your COLA.
If you encounter such scams, you can report them to the authorities online via a simple form. Stay informed and safeguard your financial well-being!
