Social Security Announces 3.6 Percent Benefit Increase for 2027
Article Publication Date
Summary
On October 14, the Social Security Administration (SSA) announced a 3.6% benefit increase for 2027. Social Security benefits include Old-Age, Survivors, and Disability Insurance, and Supplemental Security Income (SSI). On average, Social Security retirement benefits will increase by $75 per month.
Nearly 72 million Social Security beneficiaries will see a 3.6% cost-of-living adjustment beginning in January 2027. Increased payments to about 7.3 million people receiving SSI will begin on December 31, 2026. (Note: Some people receive both Social Security benefits and SSI).
Information about Medicare changes for 2027 will be available at www.medicare.gov. For Medicare enrollees, the 2027 premium amount will be available via my Social Security Message Center starting in late November.
Nearly 72 million Social Security beneficiaries will see a 3.6% cost-of-living adjustment beginning in January 2027. Increased payments to about 7.3 million people receiving SSI will begin on December 31, 2026. (Note: Some people receive both Social Security benefits and SSI).
Information about Medicare changes for 2027 will be available at www.medicare.gov. For Medicare enrollees, the 2027 premium amount will be available via my Social Security Message Center starting in late November.