Social Security Benefits Increase in 2023
Reading Time: 2 MinutesLast Updated: November 2, 2023
Approximately 70 million Americans will see a 8.7% increase in their Social Security benefits and Supplemental Security Income (SSI) payments in 2023. On average, Social Security benefits will increase by more than $140 per month starting in January.
Federal benefit rates increase when the cost-of-living rises, as measured by the Department of Labor’s Consumer Price Index (CPI-W). The CPI-W rises when inflation increases, leading to a higher cost-of-living. This change means prices for goods and services, on average, are higher. The cost-of-living adjustment (COLA) helps to offset these costs.
We will mail COLA notices throughout the month of December to retirement, survivors, and disability beneficiaries, SSI recipients, and representative payees. But if you want to know your new benefit amount sooner, you can securely obtain your Social Security COLA notice online using the Message Center in your personal my Social Security account. You can access this information in early December, prior to receiving the mailed notice. Benefit amounts will not be available before December. Since you will receive the COLA notice online or in the mail, you don’t need to contact us to get your new benefit amount.
If you prefer to access your COLA notice online and not receive the mailed notice, you can log in to your personal my Social Security account to opt out by changing your Preferences in the Message Center. You can update your preferences to opt out of the mailed COLA notice, and any other notices that are available online. Did you know you can receive a text or email alert when there is a new message waiting for you? That way, you always know when we have something important for you – like your COLA notice. If you don’t have an account yet, you must create one by November 15, 2022 to receive the 2023 COLA notice online.
“Medicare premiums are going down and Social Security benefits are going up in 2023, which will give seniors more peace of mind and breathing room. This year’s substantial Social Security cost-of-living adjustment is the first time in over a decade that Medicare premiums are not rising and shows that we can provide more support to older Americans who count on the benefits they have earned,” Acting Commissioner Kilolo Kijakazi said.
January 2023 marks when other changes will happen based on the increase in the national average wage index. For example, the maximum amount of earnings subject to Social Security payroll tax in 2023 will be higher. The retirement earnings test exempt amount will also change in 2023.
Be among the first to know! Sign up for or log in to your personal my Social Security account today. Choose email or text under “Message Center Preferences” to receive courtesy notifications.
You can find more information about the 2023 COLA here.
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Tags: COLA, my Social Security, my Social Security account
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Laura H.
You LIE!!! My COLA raise was more last year than this year. My raise was less than $100. I now get to live off of $1,200 a month!!!!! You’re not helping disabled people; you are killing us! I paid for this INSURANCE!!! Time for the policy to pay out! I can’t afford healthy groceries, gas, utilities, etc. Something needs to be done!!!
Chuck P.
I noticed my my increase for my end-of-December payment for SSDI. My children, of whom I am the representative payee, didn’t receive the increase. I thought ALL recipients were eligible to receive the increase…?
A.C.
Hi, Chuck. For your security, we do not have access to private information in this venue. We ask that members in our Blog community work with our offices with specific questions. You can call us at 1-800-772-1213, Monday through Friday, between 8:00 a.m. and 7:00 p.m., for assistance. You can also contact your local Social Security office. We hope this helps.
Essie D.
how is a childs pay from a deceased parent
A.C.
Hi, Essie. Thanks for your question. It sounds like you are referring to survivors benefits for children. When a parent dies after having worked long enough in a job where he or she paid Social Security taxes, their children could receive monthly survivor benefits. For more information on how children can qualify for survivors benefits when a parent dies, visit here. We hope this helps.
ibrahim b.
i didn’t receive my new benefit for 2023 until now
Penny M.
Hi, I elected to retire at 62 and begin to collect ssi,,, I am now 64 and considering returning to work part time.. turning 65 in 6 months.. is there a limit to the amount I may earn without affecting the ssi???
Should I be careful?
Gary M.
when you get to your full retirement age you can make as much as you want.
L h.
Be careful. My husband retired in Oct 2021and filed for security. Then in July some time were notified he made too much in 2021 so deducted$1200.00 from his ck. Mind you he only collected as for Nov and Dec so have no idea why they took $$$ back
Priv F.
Doesn’t age make a difference? Full retirement age is considered 65.
A.C.
Hi, Penny. Thanks for visiting our blog. The Supplemental Security Income (SSI) program is a needs-based program that pays benefits to disabled adults and children who have limited income and resources. SSI benefits also are payable to people 65 and older without disabilities, who meet the financial limits. To see how income affects SSI, please visit here. For specific questions about your benefits, you can call us at 1-800-772-1213, Monday through Friday, between 8:00 a.m. and 7:00 p.m., for assistance. You can also contact your local Social Security office. We hope this helps.
Sherry S.
Will people who has disability checks receive any extra money
Edward A.
Have not received my SSA7004 for 2023 yet. Its 12/9/22
JoAnn L.
have not received my 2023 ss benefits notice for next year!
Gloria S.
Have not received my SS benefits notice for next year.
A.C.
Hi, Gloria. Thank you for visiting our blog. Social Security and SSI beneficiaries are normally notified by mail starting in early December about their new benefit amount. The fastest way to find out your new benefit amount is to access your personal my Social Security account to view the Cost of Living Adjustment (COLA) notice online. We hope this helps.
Ann K.
Have not receive my SS benefits notice for next year.
A.C.
Hi, Ann. Thank you for visiting our blog. Social Security and SSI beneficiaries are normally notified by mail starting in early December about their new benefit amount. The fastest way to find out your new benefit amount is to access your personal my Social Security account to view the Cost of Living Adjustment (COLA) notice online. We hope this helps.
A.C.
Hi, JoAnn. Thank you for visiting our blog. Social Security and SSI beneficiaries are normally notified by mail starting in early December about their new benefit amount. The fastest way to find out your new benefit amount is to access your personal my Social Security account to view the Cost of Living Adjustment (COLA) notice online. We hope this helps.
Corinne F.
Have not received my 2023:increase letter
A.C.
Hi, Corinne. Thank you for visiting our blog. Social Security and SSI beneficiaries are normally notified by mail starting in early December about their new benefit amount. The fastest way to find out your new benefit amount is to access your personal my Social Security account to view the Cost of Living Adjustment (COLA) notice online. We hope this helps.
john
disgraceful where is my notice of cola for 2023 the month of december is almost over and yet no snail mail
A.C.
Hi, John. Thank you for visiting our blog. Social Security and SSI beneficiaries are normally notified by mail starting in early December about their new benefit amount. The fastest way to find out your new benefit amount is to access your personal my Social Security account to view the Cost of Living Adjustment (COLA) notice online. We hope this helps.
A.C.
Hi, Edward. Thank you for visiting our blog. It sounds like you are referring to the Cost of Living Adjustment notice. Social Security and SSI beneficiaries are normally notified by mail starting in early December about their new benefit amount. The fastest way to find out your new benefit amount is to access your personal my Social Security account to view the Cost of Living Adjustment (COLA) notice online. We hope this helps.
Arthur E.
I have not received my social security statement for 2023 yet my wife received hers two weeks ago.
A.C.
Hi, Arthur. Thank you for visiting our blog. Social Security and SSI beneficiaries are normally notified by mail starting in early December about their new benefit amount. The fastest way to find out your new benefit amount is to access your personal my Social Security account to view the Cost of Living Adjustment (COLA) notice online. We hope this helps.
lorraine c.
I will received my 1st s.s. check in March 2023. This is at age 70. Will I be entitled to the increase that is going to all. thank you.
Joan A.
Still haven’t received the COLA notice in the mail. Today is December 9, 2022. When is it coming? Thanks!
Carl P.
Why does my medicare premium “always” offset and COLA increases?? Like years past, the 2023 COLA will be “eaten” up by the increase in my medicare premium, so my net Social Securiy payment is exactly the same as in 2022. This happens every year, not only to me, but thousands of retirees on medicare, and I can’t find anyone who can explain why.
Sherry C.
Medicare cost is decreasing, so where do you get that from?
Betty A.
Mine went up at the last ss raise. Never has gone down for me.
RMcVay
My husband got his notice of the so called increase but also notified him that the Medicare costs are increasing….now I read Medicare costs are decreasing in 2023…..the first time there was an increase, I never got it….my husband did but I didn’t. So what’s the truth of it.
A.C.
Hi, RMcVay. Thanks for visiting our blog. For your security, we do not have access to private information in this venue. We ask that members in our Blog community work with our offices with specific questions. You can call us at 1-800-772-1213, Monday through Friday, between 8:00 a.m. and 7:00 p.m., for assistance. You can also contact your local Social Security office. We hope this helps.
Sue P.
There is no increase in Medicare premium….actually it is decreasing.
American C.
Just wait until all the illegals get on medicare/medicaid. Millions more to illegally cross the border in 8 days when Title 42 ends. Still think your elected care about Americans? Jobama has this Country so screwed up on purpose.
Linda
Last years increase my rent took a chunk my food allowance went way down and I forgot who got the rest of my $63. I am wondering who will get the $98 I am getting this year.
Tisha
I hear you Linda I ended up going $8 in the hole Wonder how much I’ll go in the whole this time with our big increase
Jessica R.
How much social security check going be
A.C.
Hi, Jessica. Thanks for visiting our blog. For your security, we do not have access to private information in this venue. We ask that members in our Blog community work with our offices with specific questions. You can call us at 1-800-772-1213, Monday through Friday, between 8:00 a.m. and 7:00 p.m., for assistance. You can also contact your local Social Security office. We hope this helps.
john B.
Will I receive the same benefit amount as last mont in December?
A.C.
Hi, John. Thanks for visiting our blog. For your security, we do not have access to private information in this venue. We ask that members in our Blog community work with our offices with specific questions. You can call us at 1-800-772-1213, Monday through Friday, between 8:00 a.m. and 7:00 p.m., for assistance. You can also contact your local Social Security office. We hope this helps.