The Social Security Administration (SSA) has announced that, starting in February 2025, certain beneficiaries will receive an average monthly payment of $930. This adjustment primarily affects spouses of retired workers who qualify for spousal benefits. Understanding the details of this payment is essential for financial planning.
Eligibility Criteria for Spousal Benefits
To qualify for spousal benefits, individuals must meet the following criteria:
- Be at least 62 years old, or be caring for a child under 16 or a disabled child receiving Social Security benefits.
- Be married for at least one year to a worker who is receiving Social Security retirement or disability benefits.
- Not qualify for a higher Social Security benefit based on your own work history.
Benefit Amounts and Payment Details
Spousal benefits can be up to 50% of the retired worker’s benefit at their full retirement age (FRA). However, if benefits are claimed before reaching FRA, the amount may be reduced. For example:
- If your spouse receives $2,000 per month at their full retirement age, you could receive $1,000 per month.
- If you claim benefits before your FRA, you might receive only $700–$800 per month, depending on when you file.
The SSA recommends using their Benefit Calculator to estimate your potential benefit amount.
Application Process
Individuals interested in applying for spousal benefits should follow these steps
Gather Necessary Documents
Birth certificate.
- Marriage certificate.
- Social Security numbers for both you and your spouse.
- Any divorce records, if previously married.
Contact the SSA
- Apply online at SSA.gov.
- By phone at 1-800-772-1213.
- In person at your local Social Security office.
Complete the Application
- Provide all required information and documentation.
- Review your application for accuracy.
- Submit your application online or in person.
Wait for Approval
- The SSA typically processes applications within 3-6 weeks.
- You will receive an official approval letter with details about your benefits.
Additional Resources
For more information on spousal benefits and the application process, visit the SSA’s official website.
Staying informed about these changes is crucial for effective financial planning. If you believe you qualify for spousal benefits, consider applying promptly to ensure timely receipt of your benefits.