Understanding the impact of Cost of Living Adjustments (“COLAs”) on your long term disability benefits is crucial for maintaining financial stability over time. COLAs are designed to ensure that your benefits keep pace with inflation, preserving your purchasing power as the cost of goods and services rises. We explore how COLAs are determined and applied, their interaction with other benefits like Social Security Disability, and what to do if you believe your COLA adjustments are incorr...
