Beneficiaries of the Social Security Disability Insurance (SSDI) program can expect a slight increase in their monthly payments starting in January 2025. Although the official cost-of-living adjustment (COLA) percentage will not be announced until October 2024, early estimates from the Senior Citizens League (TSCL) point to a 2.5% increase.
This forecast is based on the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), a key indicator of inflation trends.
How Much Will Your SSDI Check Increase?
For the average Social Security recipient, this 2.5% COLA adjustment would raise the current monthly benefit from $1,920.48 to approximately $1,968.49, an increase of $48.01. While this increase is more modest compared to the record-breaking 8.7% adjustment in 2023, it aligns with the historical average of 2.6% over the past 20 years.
The sharp rise in 2023 was driven by significant inflation, which has since cooled, bringing the 2025 adjustment more in line with long-term trends.
Medicare Premiums Could Affect Your Net Gain
While the 2.5% increase offers some financial relief, other factors, such as Medicare premiums, may affect the net amount beneficiaries receive.
The Medicare Part B premium is expected to increase by $10.30 per month in 2025, which could reduce the impact of the COLA for those who have their premiums deducted from their SSDI checks. To learn more about the SSDI COLA and related Medicare changes, visit this detailed resource.
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Changes in Medicare Advantage Plans
In addition to the SSDI increase, beneficiaries should also be aware of upcoming changes to Medicare Advantage coverage. Over 500,000 Americans may lose access to their current plans after Humana exits 13 markets. This change will affect about 10% of Humana’s Medicare Advantage members, requiring them to find alternative coverage.