February Payment Schedule: Social Security recipients can expect a direct payment of up to $967 starting in two days, based on their eligibility and work history.
Who Gets Paid: The payment will go out to those born between the 1st and 10th of the month, in line with the usual Social Security payment schedule.
Direct Deposit or Paper Check: Beneficiaries will receive their payments via direct deposit or paper check, depending on their chosen method.
COLA Impact: The payment reflects the 2025 cost-of-living adjustment (COLA) of 3.2%, helping recipients keep up with inflation.
Payment Delays Possible: While the payments are scheduled for February 1st, recipients should be aware that slight delays can occur, particularly with paper checks.
Medicare Deductions: For some, Medicare premiums may be deducted from their Social Security payments, reducing the final amount received.
Impact on Seniors: The $967 payment is crucial for many seniors, who rely on Social Security as a primary source of income.