COLAs Don’t Count Act of 2024

Bill 118 s 3806, also known as the COLAs Don't Count Act of 2024, is a piece of legislation currently being considered by the US Congress. The main purpose of this bill is to exclude cost-of-living adjustments (COLAs) from being factored into certain calculations related to government benefits and programs.

Specifically, the COLAs Don't Count Act of 2024 would prevent COLAs from being counted when determining eligibility for certain means-tested programs, such as Medicaid and Supplemental Security Income. This means that individuals who receive COLAs would not see a reduction in their benefits or eligibility for these programs as a result of the increase in their income.

Additionally, the bill would also prohibit COLAs from being considered when calculating the federal poverty level. This would ensure that individuals who receive COLAs would not be at risk of losing access to important government assistance programs simply because their income has increased slightly due to inflation. Overall, the COLAs Don't Count Act of 2024 aims to protect individuals who receive COLAs from being unfairly penalized when it comes to accessing government benefits and programs. It seeks to ensure that these individuals are able to maintain their financial stability and access to necessary resources, regardless of any increases in their income due to inflation.