Senior Benefits in 2026 — Key Updates
Social Security benefits received a 2.5% COLA increase for 2026, adding roughly $50/month to the average retirement benefit. Medicare Part B premiums also adjusted — but Medicare Savings Programs can eliminate this cost entirely for qualifying seniors. If you're not enrolled in an MSP, it's one of the highest-value unclaimed benefits for seniors.
Senior housing waitlists remain long across most states, but new Section 202 funding was approved in 2025. If you're considering assisted living, several financial assistance options exist that most families don't know about. For those still working, catch-up contributions to retirement accounts increased for ages 60–63 under SECURE 2.0.