Social Security Disability Insurance (SSDI) payments continue through October, and some recipients are set to receive their payouts this month. If you’re an SSDI recipient who began receiving benefits after April 30, 1997, and your birthday falls between the 11th and 20th of the month, October 16 was your payday. You can check your bank account for this payment, but it’s important to note that it isn’t the final payout of October.
Let’s break down what the rest of October looks like for SSDI recipients, including details about the upcoming payment on October 23, and what to expect when the 2025 cost-of-living adjustment (COLA) kicks in.
Payments
For those SSDI beneficiaries who have birthdays between the 21st and 31st, your next payment is scheduled for October 23. However, it’s important to note that none of the payments in 2024 will reflect the 2025 COLA increase. The increase won’t be applied until January 2025. So, don’t expect a boost in your October payment.
Eligibility Criteria
To qualify for the October 23 payment, you need to meet the following criteria:
- You must have started receiving SSDI benefits after April 30, 1997.
- Your birthday must fall between the 21st and 31st of any month.
- You must still meet all SSDI eligibility requirements, which includes maintaining a qualifying disability.
Upcoming Payments
You won’t see any SSDI payments reflecting the 2025 COLA until the new year. The 2025 COLA increase will take effect on January 3, 2025, providing a slight boost to your SSDI payments.
Here’s a snapshot of what the COLA increase looks like:
- 2024 average SSDI payment: $1,539
- 2025 average SSDI payment (post-COLA): $1,577
- If you currently receive $1,000 in 2024, your payment will increase to approximately $1,025 in 2025.
- Those receiving $500 per month in 2024 will get around $512 after the 2025 COLA increase.
SSI and SSDI Payments
If you’re receiving both Supplemental Security Income (SSI) and SSDI, you’ll get your next SSI payment on November 1, 2024. Normally, SSI is paid on the 1st of each month, but if the 1st falls on a weekend, the Social Security Administration (SSA) sends the payment early. In November, you’ll receive both your SSI and SSDI payments at the same time.
This early payment system can be a bit confusing, so it’s a good idea to keep track of these dates on your calendar to ensure you don’t miss any upcoming payments.
Payment Amounts
As of now, the maximum SSDI payment you can receive in 2024 is $3,822. However, this figure is only available to a small percentage of recipients. Most people will see average monthly payments of around $1,539, based on data from August 2024.
If you’re on the lower end of the spectrum, receiving just $500 per month, you may qualify for additional benefits like Supplemental Security Income (SSI). To find out if you’re eligible for SSI, it’s best to check with your local SSA office. They can provide guidance on whether you qualify for additional financial assistance.
SSDI Payment Table
| Year | Average Payment | Maximum Payment |
|---|---|---|
| 2024 | $1,539 | $3,822 |
| 2025 (post-COLA) | $1,577 | TBD |
As you can see, the average SSDI payment will see a modest increase, while the maximum payment details for 2025 are yet to be finalized.
Although your SSDI payments for the remainder of 2024 will not include any COLA adjustments, relief is on the way at the start of the new year. For now, beneficiaries will need to monitor their payments closely to ensure they are receiving the correct amount. If you have any concerns or think you may qualify for SSI, reach out to the SSA for more information.
FAQs
When is the next SSDI payment for October?
SSDI recipients with birthdays between the 21st and 31st will get paid on October 23.
Will SSDI payments in 2024 reflect the 2025 COLA?
No, the 2025 COLA will be applied starting in January 2025.
What is the average SSDI payment in 2024?
The average SSDI payment in 2024 is approximately $1,539.
When is the next SSI payment?
SSI recipients will receive their next payment on November 1, 2024.
Can I qualify for SSI if I receive SSDI?
Yes, you may qualify for SSI if your income is low enough. Check with your local SSA office.
