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Social Security Benefits Rise 3.6 Percent in 2027
The largest cost-of-living adjustment since 2023 reaches checks in January. Medicare's 2027 Part B premium, which comes out of many of those checks, has not been announced yet.
Monthly Social Security benefits and Supplemental Security Income payments will rise 3.6 percent in 2027, the Social Security Administration announced October 14. The increase reaches nearly 72 million Social Security beneficiaries starting with January 2027 benefits, and about 7.3 million SSI recipients starting with payments on December 31, 2026.
It is the largest adjustment since 2023 and up from 2.8 percent for 2026. The agency puts the average increase for retired workers at about $75 a month. The adjustment follows the rise in the Consumer Price Index for Urban Wage Earners and Clerical Workers from the third quarter of last year to the third quarter of this year, which is why it arrives with September's inflation report.
What it means for your check depends on Medicare. Part B premiums are usually deducted from Social Security payments, and the 2027 premium has not been announced; it is expected in the coming weeks. Until then, nobody can tell you their exact net increase.
You do not have to do anything to get the raise. If you create a my Social Security account and opt into digital notices by November 18, you can see your new benefit online up to three weeks before the mailed notice arrives.
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