Cross References

  • www.ssa.gov

The Social Security Administration has announced that Social Security and Supplemental Security Income (SSI) benefits will increase by 3.6% for 2027. The chart below identifies key figures that are affected by the annual cost-of-living adjustment (COLA) for the years 2025 through 2027.

Social Security and Medicare Highlights

2027 2026 2025

Social Security Benefits (COLA) increase. 3.6% 2.8% 2.5% Maximum earnings subject to Social Security tax $192,300 $184,500 $176,100 Medicare tax No Limit No Limit No Limit Maximum Social Security tax Employee $11,922.60 $11,439.00 $10,918.20 Self-employed $23,845.20 $22,878.00 $21,836.40 Maximum Medicare tax No Limit No Limit No Limit Social Security tax rate Employee 6.20% 6.20% 6.20% Self-employed 12.40% 12.40% 12.40% Medicare tax rate 5 Employee 1.45% 1.45% 1.45% Self-employed 2.90% 2.90% 2.90% Earnings needed for one quarter of coverage. $1,970.00 $1,890.00 $1,810.00 Maximum earnings and still receive full Social Security benefits. Under full retirement age 1 $25,560.00 $24,480.00 $23,400.00 Year of full retirement age $67,920.00 $65,160.00 $62,160.00 2 Full retirement age No Limit No Limit No Limit 3 Maximum Social Security monthly benefits at full $4,188.00 $4,152.00 $4,018.00 retirement age. Medicare premiums 4 Part A (per month) $565.00 $518.00 Part B (per month) $202.90 $185.00 Hospital deductible $1,736.00 $1,676.00 1 $1 in benefits is withheld for every $2 in earnings above 4 The Department of Health and Human limit. Services has not yet announced Medicare 2 Applies only to earnings for months prior to attaining full premium changes for 2027. Standard retirement age. $1 in benefits is withheld for every $3 in monthly premiums are listed for 2025 earnings above the limit. and 2026. High-income taxpayers may be 3 A person born in 1958 reaches full retirement age in 2024 subject to higher premiums. or 2025 at age 66 and 8 months. A person born in 1959 5 Medicare tax rate increases by 0.9% reaches full retirement age in 2025 or 2026 at age 66 and on wages and SE income above the 10 months. A person born after 1959 reaches full retirement threshold amount, plus 3.8% on unearned age at age 67. income above the threshold amount.