The Social Security Administration (SSA) has unveiled a busy payment schedule for November 2024, with several key dates for retirees, Supplemental Security Income (SSI) recipients, and Social Security Disability Insurance (SSDI) beneficiaries. Let’s break down what you can expect, including the potential for receiving two payments in November and what the upcoming Cost-of-Living Adjustment (COLA) means for future checks.
SSI and Social Security
The next major payday for SSI recipients will be November 1, 2024. This is good news for those who receive both SSI and Social Security, including SSDI. Because November 3 falls on a weekend, the SSA has moved the Social Security payment date to November 1. This means that if you qualify for both programs, you’ll receive two payments on November 1: one from SSI and one from Social Security.
For many, this early payment will help cover critical expenses before the holiday season kicks in. And while these payments won’t yet reflect the COLA increase for 2025, it still provides a financial boost at the start of the month.
SSI Payment on November 29
In a rare occurrence, SSI recipients will also receive a second payment in November. This payment, scheduled for November 29, 2024, is the December benefit, moved forward because December 1 falls on a Sunday. The good news? The payment lands on Black Friday, a perfect time if you need to make holiday purchases or take advantage of sales.
SSI Maximum Payments
Here’s a breakdown of what SSI recipients can expect to receive on both November 1 and November 29:
| Recipient Type | Maximum Payment (November 2024) |
|---|---|
| Single Individual | $943 |
| Eligible Married Couple | $1,415 |
| Essential Person | $472 |
These amounts represent the maximum payouts without the 2025 COLA increase. The SSI program is designed to help individuals who are elderly, blind, or disabled and have limited income, so the benefit can vary based on individual circumstances. But for those who qualify, November brings two payments, making it easier to manage expenses.
COLA Increase
While the payments in November 2024 will remain at the same maximum amounts, things will change with the 2025 COLA increase. The SSA has confirmed a 2.5% boost to benefits for 2025, and SSI recipients will be the first to experience this increase. Their January 1, 2025 payment will be issued early, on December 31, 2024, and will reflect the COLA adjustment.
Here’s what the new maximum SSI payments will look like after the COLA boost:
| Recipient Type | Payment After COLA (December 2024) |
|---|---|
| Single Individual | $967 |
| Eligible Married Couple | $1,450 |
| Essential Person | $484 |
This modest increase helps offset inflation and ensures that SSI recipients’ purchasing power keeps up with rising living costs. For those living on fixed incomes, every little bit helps.
Qualify for SSI
Do you know someone who might qualify for SSI? If you have a family member or friend who is blind, disabled, or 65 years old or older, and is struggling to make ends meet, now is a good time to help them file for benefits. The application process can be complex, but it’s worth it for those who qualify, as they can receive monthly payments to help cover essential expenses.
To apply for SSI, individuals will need to provide detailed information about their financial situation and health. It’s always best to assist someone through this process, especially if they’re unfamiliar with the paperwork or have difficulty accessing the necessary documentation.
Future Payments
After the November and December payments, the new 2025 COLA rates will continue to affect payments throughout the year. The COLA adjustments are designed to keep Social Security benefits aligned with inflation, providing recipients with more financial stability as the cost of living increases.
In conclusion, November will be an exciting month for those receiving SSI and Social Security, with two payments for SSI recipients and an early payday for Social Security beneficiaries. Keep an eye out for the COLA increase starting in December 2024, as this boost will provide some extra support as we head into the new year.
FAQs
Will SSI recipients get two payments in November?
Yes, on November 1 and November 29, 2024.
Why is Social Security paid early in November?
November 3 is a weekend, so the SSA moved the payday to November 1.
How much will I get from SSI after the COLA increase?
Up to $967 for individuals and $1,450 for couples in 2025.
What is the maximum Social Security payment in November 2024?
The maximum for those who filed at 70 is $4,873.
When will the first COLA-increased SSI payment arrive?
It will be paid early, on December 31, 2024.
