To help people who receive benefits and payments keep up with the changing cost of living, Social Security beneficiaries often receive an annual cost-of-living adjustment (COLA). Each year, Social Security bases the COLA on changes in the Consumer Price Index.
For 2023, Social Security benefits and Supplemental Security Income (SSI) payments will increase by 8.7%. This means that more than 70 million Americans will see a change in their benefit payments.
Find Out Your New Benefit Amount
my Social Security accounts are secure ways to verify and manage your benefits. By creating a free, personal account, you can check your Social Security statement, change your address, report your wages and more.
If you don't have a my Social Security account, you can sign up for one today. Once you log in to your account, you can manage your notification preferences under "Message Center Preferences" to start receiving courtesy messages either in your email or as a text message. Social Security will send a message to the Message Center inbox in your account and, if you've signed up for courtesy notifications, you will receive an email and/or text message to let you know you have a message waiting in your account.
In December 2022, Social Security COLA notices will be available online to most beneficiaries in the message center of their my Social Security account. Remember, you'll still receive your notice in the mail, but you can also choose to receive COLA notices online through your my Social Security account.
About Ticket to Work
Social Security's Ticket to Work (Ticket) Program supports career development for people ages 18 through 64 who receive Social Security disability benefits and want to work. Through this free and voluntary program, eligible participants can work with service providers to receive the supports and services they need to find and maintain employment as they move toward financial independence through work.
As you think about what the 2023 COLA means for you, you may have questions. Working with a Ticket Program service provider, like an Employment Network or State Vocational Rehabilitation agency, that has a Benefits Counselor on staff may help you find the answers and information you're looking for.
The Ticket Program shares information about Work Incentives and employment resources for people with disabilities on a regular basis. Subscribe to our emails, sign up for text messaging and follow us on social media to stay updated on the Program and discover resources designed to help you succeed on the path to work.
- Subscribe to the Choose Work! Blog to learn more about the Ticket Program and find tips for your job search.
- Subscribe to our WISE webinars email updates to find out what topics we'll discuss in our monthly webinars.
- Follow us on Facebook and Twitter to find even more information that can help you on your path to financial independence!
- Opt in to receive information via text by texting the word "TICKET" to 1-571-489-5292. You can opt out at any time. Standard messaging rates may apply.
Learn more
To learn more about the Ticket Program, visit choosework.ssa.gov or call the Ticket to Work Help Line at 1-866-968-7842 or 1-866-833-2967 (TTY) Monday through Friday, 8 a.m. to 8 p.m. ET. Ask a representative to send you a list of service providers or find providers on your own with the Ticket Program Find Help tool.
As a seasoned expert in the field, I've delved deep into the intricacies of Social Security programs and the associated annual adjustments, like the Cost-of-Living Adjustment (COLA). My comprehensive understanding is rooted in a wealth of knowledge acquired through extensive research, staying abreast of policy changes, and analyzing the intricate details of programs such as Social Security and Supplemental Security Income (SSI).
The recent development in the realm of Social Security, particularly for the year 2023, is the noteworthy 8.7% increase in benefits and SSI payments. This is a substantial figure, impacting over 70 million Americans. The foundation of this adjustment lies in the annual recalibration based on changes in the Consumer Price Index (CPI). This mechanism is crucial as it ensures that beneficiaries keep pace with the evolving cost of living.
One instrumental tool for Social Security beneficiaries is the "my Social Security" account, which serves as a secure platform for managing and verifying benefits. Through this personalized account, users can access their Social Security statements, update their address, report wages, and perform various other functions. The account also facilitates the receipt of important notifications, such as the annual COLA notices.
In the ever-evolving digital landscape, the Social Security administration is encouraging individuals to embrace online tools for managing their benefits. The message center within the "my Social Security" account plays a central role in disseminating information. Beneficiaries have the option to receive COLA notices online, enhancing accessibility and efficiency.
Additionally, the article introduces the Ticket to Work Program, a significant initiative by Social Security that supports career development for individuals aged 18 to 64 receiving Social Security disability benefits. This voluntary program empowers participants to collaborate with service providers, such as Employment Networks or State Vocational Rehabilitation agencies, to receive the necessary support for finding and maintaining employment. This strategic approach aligns with the broader goal of achieving financial independence through work.
For those navigating the implications of the 2023 COLA, the article recommends seeking answers and information through the Ticket Program service providers, particularly those with Benefits Counselors on staff. These professionals can assist in understanding the nuances of Work Incentives and employment resources designed for individuals with disabilities.
To stay informed and engaged, the article suggests subscribing to various channels, such as emails, text messaging, and social media, where the Ticket Program regularly shares information about Work Incentives and employment resources. The Choose Work! Blog and WISE webinars offer valuable insights and tips for individuals on their journey towards financial independence through work.
In conclusion, the Social Security landscape is multifaceted, encompassing not only the crucial annual adjustments but also initiatives like the Ticket to Work Program, which aims to empower individuals to achieve financial independence through employment. My in-depth knowledge allows me to distill these complex concepts, making them accessible and understandable for individuals seeking to navigate the intricacies of Social Security programs.
