Editor's Note: This article by Jim Absher originally appeared on Military.com, a leading source of news for the military and veteran community.

Military retirees, those who receive disability or other benefits from the Department of Veterans Affairs, federal retirees and social security recipients will see a 1.6% increase in their monthly checks for 2020.

The annual Cost Of Living Allowance (COLA) is smaller than the 2.8% increase from last year but in line with the historical increases seen over the last ten years. Each year military retirement pay, Survivor Benefit Plan Annuities, VA Compensation and Pensions, and Social Security benefits are adjusted for the rate of inflation.

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Cortez Hill, a pharmacy technician assigned to the 99th Medical Support Squadron, looks at the label of medication while working in the Satellite Pharmacy at Nellis Air Force Base, Nevada, Sept. 19, 2019. (U.S. Air Force / Airman 1st Class Bryan Guthrie)

Editor's note: This article by Jim Absher originally appeared on Military.com, a leading source of news for the military and veteran community.

Prescription drug costs for Tricare users are set to rise Jan. 1, some by as much as 42%.

Effective Jan. 1, 2020, a 90-day supply of generic drugs received through the program's Express Scripts mail-order pharmacy will increase from $7 to $10. Co-pays on brand-name drugs received through the mail will go from $24 to $29; the price rises from $53 to $60 for non-formulary drugs.

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Photo via Wikimedia Commons

Editor’s Note: This article by Gina Harkins originally appeared on Military.com, a leading source of news for the military and veteran community.

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Editor’s Note: This article by Gina Harkins originally appeared on Military.com, the premier source of information for the military and veteran community.

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Photo via Wikimedia Commons

Editor’s Note: This article by Jim Absher originally appeared on Military.com, the premier source of information for the military and veteran community.

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