With a cost of living adjustment of 8.7% in 2023, Social Security is a hot topic for recipients this year. As of 2022, approximately 66 million Americans will receive Social Security benefits each month, and their payment amounts will increase in January. The same applies to recipients of additional collateral income.
To help you with some of the ins and outs of Social Security — from when to sign up to when to look for your checks — CNET has created a cheat sheet that’s updated regularly so you can stay on top of the latest details.
When will I get my Social Security check?
Whether you’re a new Social Security beneficiary or have been receiving one for decades, knowing when your check arrives each month is a must. Your payout date depends on your birthday and when you receive a benefit. Each month, these stories are updated to reflect the exact dates when the Social Security Administration will issue your payment.
How much is my COLA raise for Social Security?
In October, a cost-of-living adjustment was announced for Social Security beneficiaries that will increase their monthly payments by 8.7% – the highest in more than 40 years. Here’s everything you need to know about how it affects you.
I will not be collecting Social Security benefits for years. What do I need to know now?
Preparing for Social Security is important no matter how close you are to retirement. Fortunately, it’s never too late to learn how your benefits will work once you’re ready to collect them.
Additional Social Security information that is important to know
Aside from Social Security benefits, knowing important information about your Social Security number and card can help prevent future mishaps. For example, if you need a replacement Social Security card or want to know who you can share your social security number with, we can help.
How Is Medicare Related to Social Security?
Medicare insurance in the US is for people age 65 or older, or certain people with disabilities. The program is designed to help with health care and prescription drug costs. Whether you receive it now or plan to receive it in the future, it’s good to brush up on how it works.
For additional health insurance information, here’s what you need to knowand if you don’t have insurance.