Social Security Just Announced Your 2027 Raise — Most Never See What November Takes

Social Security announced your 2027 raise: 3.6%. That percentage is not the money that reaches your bank — and the number that decides what reaches it has not been set yet. It comes in November. For every $1,000 in your check, 3.6% adds about $36. A $1,500 check goes up about $54. Two thousand goes up about $72. Then Medicare takes its share first, and the amount it takes has not been decided. Five things sit between the announcement and your January payment. Two of them you can still change, and one of them has already started. This is education, not tax, legal or financial advice. The Medicare premium for 2027 has not been announced, so every figure for next year in this video is labelled as a projection. In this video: 00:00 The raise is out. The number that decides what you keep is not 00:16 Work out your own raise — $36 for every $1,000 01:05 Who this reaches, and the one payment that is a trap 01:41 #1 Your Medicare premium — $202.90 now, and why next year is still unknown 03:25 #2 Your drug plan price — the window that shuts on December 7 03:51 The three numbers moving on the drug side at once 05:14 #3 The letter with your real number — and why you keep it a year 06:42 #4 Two payments in December, none in January — the mechanic 07:22 Who it hits, and the money that is not a bonus 08:50 #5 The check that goes down — the rule and the three groups it leaves out 10:46 What runs underneath all five 11:31 The limits of what I can tell you, and all five in order 12:52 The phone call that is always a scam THINGS TO ASK ABOUT / OFFICIAL LINKS: • Social Security, the 2027 cost-of-living figure — https://www.ssa.gov/cola • Medicare, what Part B costs — https://www.medicare.gov/basics/costs/medicare-costs • Medicare, compare drug and Advantage plans before December 7 — https://www.medicare.gov/plan-compare • Medicare, free help by phone, 1-800-MEDICARE — https://www.medicare.gov/talk-to-someone • Your December notice, online in the message center — https://www.ssa.gov/myaccount • Social Security, the 2027 payment dates — https://www.ssa.gov/pubs/EN-05-10031.pdf • If your income dropped, the form to have Medicare look again — https://www.ssa.gov/forms/ssa-44.pdf • The program that can pay your Part B premium — https://www.medicare.gov/basics/costs/help/medicare-savings-programs • Free help for people over sixty, Eldercare Locator — https://eldercare.acl.gov If one of your parents is paid on the first or the third of the month, hand this to them in person. Sit beside them, find the thirty first of December on their calendar, and write January next to it. #SocialSecurity #COLA2027 #Medicare #SeniorFinance #RetirementIncome