Millions of senior couples across the U.S. are set to receive an average of $3,089 per month in Social Security benefits in 2025. This increase is thanks to a 2.5% Cost-of-Living Adjustment (COLA) designed to help retirees keep up with inflation. But who qualifies for these payments, and when will they arrive? Here’s everything you need to know.
Who Qualifies for the $3,089 Social Security Payment?
To be eligible for Social Security benefits as a couple, both spouses must meet certain criteria:
- Work History – Each spouse must have earned at least 40 work credits, which typically equates to about 10 years of employment in a job covered by Social Security.
- Age Requirement – The Full Retirement Age (FRA) is 67 for individuals born in 1960 or later. While you can start claiming benefits as early as 62, doing so will reduce your monthly payout.
- Spousal Benefits – If one spouse didn’t work or earned significantly less, they may qualify for spousal benefits, which can be up to 50% of the higher-earning spouse’s payment.
When Will Payments Arrive?
The Social Security Administration (SSA) distributes payments based on your birth date. Here’s when you can expect your money:
- If your birthday falls between the 1st and 10th of the month, payments arrive on the second Wednesday of the month.
- If your birthday falls between the 11th and 20th, expect your payment on the third Wednesday of the month.
- If your birthday is between the 21st and 31st, payments will be made on the fourth Wednesday of the month.
For January 2025, for example, payments are scheduled for January 8, 15, and 22.
How to Maximize Your Social Security Benefits
If you’re looking to increase your monthly Social Security payout, here are some key strategies:
- Delay Claiming Benefits – Waiting beyond your FRA can significantly boost your monthly payment. For each year you delay up to age 70, your benefit increases.
- Increase Your Lifetime Earnings – Social Security calculates your payment based on your highest 35 years of earnings. If possible, working a few extra years at a higher salary could increase your benefits.
- Understand Tax Implications – Depending on your combined income, a portion of your Social Security benefits may be taxable. Consulting a tax expert can help you avoid surprises.
- Consider Medicare Deductions – Keep in mind that Medicare Part B premiums are automatically deducted from Social Security payments, which can affect how much you actually receive.
How to Check Your Benefits
Want to see how much you’re eligible to receive? The SSA offers an online tool where you can track your work history and estimate future benefits. Simply create a “my Social Security” account on the official SSA website to get personalized information.
With Social Security payments increasing, now is a great time for senior couples to review their financial plans and ensure they’re making the most of their benefits. Stay informed and plan ahead for a more secure retirement.
