If you're collecting Social Security, you may have already noticed a slight boost in your monthly benefits. For 2025, Social Security recipients will receive a 2.5% cost-of-living adjustment (COLA). However, there's also a catch—Medicare premiums have increased by about 6% this year, which could offset some of that extra income.

Key Takeaways:

• Social Security checks increased by 2.5%. The average retired worker’s monthly benefit has risen from $1,927 in 2024 to $1,976 in 2025.
• Medicare premiums also went up by 6%. This means you may not feel the full impact of the COLA increase since higher healthcare costs are deducted from your benefits.
• These changes are now in effect. If you haven’t received your updated benefit check yet, it should be arriving soon.

What This Means for You

If you’re on Social Security, you may see a modest increase in your monthly benefits, but rising Medicare premiums could reduce how much of that you actually keep. While these changes are routine, they can make a difference in your overall retirement income.

If you're considering when to claim Social Security or how these adjustments fit into your financial plan, now is a great time to evaluate your options.

Need Help Navigating These Changes?

If you're unsure how this impacts your financial plan or need guidance on when to start claiming Social Security, we’d be happy to walk you through your options. 

Make it a great day!