In order to accommodate those who are already enrolled in the Social Security program and those who join it, the Social Security Administration updates the program annually. The monthly cost of living adjustment (COLA) for those receiving Social Security will increase by 2.5% in 2025. Adjusting benefits to account for inflation and rising living costs is essential.
For individuals on Social Security Disability Insurance, or SSDI, some changes include a slight increase in monthly benefits. Those who are eligible for Social Security Disability Insurance should be aware that the amount they receive is based on the amount they earn prior to their disability. Your eligibility for this benefit depends on how long you have worked and how many credits you have earned during your lifetime.
Benefit Increase
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What Is the 2025 COLA Increase?
Approximately 68 million Social Security recipients will see their monthly benefits increase by 2.5% starting in January 2025. Beginning in January, Social Security retirement benefits will increase by an average of $50 per month. Additionally, nearly 7.5 million SSI recipients will see their payments adjusted on December 31, 2024.
How Do I Know How the 2025 COLA Will Affect My Benefits?
In early December, the SSA will send out notifications detailing your new benefit amount. This year’s notice will be redesigned and simplified to be easier to understand. In the notification, you will find a single page with straightforward language that discusses the updated amount of your benefit and any deductions from it.
You can conveniently access your COLA notice online with a mySocialSecurity account, providing a more secure and available option than waiting for it in the mail. Information about Medicare changes for 2025 will be available at www.medicare.gov.
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Our Disability Attorneys Are Ready to Assist You!
The COLA adjustment for 2025 represents an important change for individuals receiving disability benefits, providing crucial assistance as living expenses increase due to inflation. If your benefits have been denied, the Social Security Disability team at Marc Whitehead and Associates are available to be there for you. We are prepared to help you obtain the benefits you deserve.
Contact us today by filling out our online form or calling our office at (800) 562-9830 for a free claim evaluation.
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