Tips for Beneficiaries for May 2026

If you receive Social Security benefits, here are a few practical tips for May:

• Verify Your 2.8% COLA Increase: The 2026 cost-of-living adjustment (COLA) of 2.8% will be reflected in all payments.
• Review Medicare Part B Premiums: The standard Part B premium is increasing to $202.90 for 2026, which may be deducted now.
• Check Your Birthdate Group: Ensure you know your exact payment date based on your birthday (1st-10th, 11th-20th, or 21st-31st) as outlined above.
• Use Direct Deposit: Ensure your direct deposit information is updated on SSA.gov to avoid delays, as paper checks are being phased out.

P.S.: For full control of your benefits and notices, consider creating a mySocialSecurity account on the SSA website.

Bottom Line

In May 2026, Social Security payments include a 2.8% COLA, bringing the average monthly retirement benefit to about $2,071.

Payments go out on May 13, 20, or 27 based on your birthday, while SSI recipients are paid early on May 1.

Maximum benefits remain much higher for those who delayed retirement, reaching over $5,100 per month.