SSDI Recipients – Two Direct Deposits Coming on Same Payment Date in November

In November 2024, Social Security Disability Insurance (SSDI) recipients are scheduled to receive one of the four Social Security payments for the month. To qualify for these payments, you need to have filed for and received approval from the Social Security Administration (SSA), meeting all the eligibility requirements.

Disability benefits fall into two categories: SSDI and Supplemental Security Income (SSI). Some recipients qualify for both, and in November, both payments will align for certain individuals. Here’s a breakdown of what to expect this month.

SSI and SSDI Payments

All SSI recipients will receive their monthly payment on November 1. If you are also eligible for SSDI, there’s a chance you could receive both payments on the same day.

Typically, SSDI payments are made on the 3rd of the month, but because November 3 falls on a non-business day, the SSA has rescheduled the SSDI payment to November 1. This means eligible recipients who qualify for both SSI and SSDI could see two direct deposits on that day.

Two Payments on November 1

To receive two payments on November 1, you must:

1. Qualify for SSI: You need to be eligible based on the income and resource requirements for SSI.
2. Qualify for SSDI: SSDI eligibility depends on your work history and disability status.
3. Maintain Eligibility: Be sure to follow all Social Security rules to avoid disqualification.

If you qualify for both programs, you’ll receive one payment for SSDI and one payment for SSI on November 1. It’s a unique alignment that can provide a helpful financial boost, especially for those managing the complexities of disability benefits.

November Payments

It’s important to note that none of the November payments for SSI or SSDI will include the 2.5% Cost-of-Living Adjustment (COLA) increase, which was announced by Social Security on October 10, 2024. Here’s how the COLA timeline works:

• SSI Recipients: The COLA increase will be reflected in your payments starting on December 31, 2024.
• SSDI Recipients: You won’t see the COLA adjustment until January 2025.

This means that while the November payments won’t include the increase, you can look forward to seeing slightly higher payments in the near future.

Current Payment Amounts

The maximum SSI payment for individuals is currently $943, with an average payment of about $698. Married couples who qualify for SSI can receive up to $1,415. These amounts will increase after the COLA adjustment, bringing the individual maximum to $967 and the couple’s maximum to $1,450.

For SSDI recipients, the average monthly payment is $1,539, though some recipients can receive up to $3,822, depending on their work history and benefit calculations. Again, these amounts will see a 2.5% boost in January 2025 after the COLA takes effect.

Benefit Type	Maximum Payment	Average Payment
SSI (Individual)	$943	$698
SSI (Married Couples)	$1,415	N/A
SSDI	$3,822	$1,539

COLA Increase

The 2.5% COLA increase aims to help beneficiaries keep up with rising costs. While you won’t see this increase in November’s payments, it’s important to budget accordingly for the upcoming changes:

• SSI Payments: New amounts will start on December 31, 2024.
• SSDI Payments: The increase takes effect with January 2025 payments.

By staying informed and planning ahead, you can make the most of these upcoming increases.

November 2024 brings an unusual opportunity for some SSDI and SSI recipients to receive two payments on the same day—November 1. While the COLA increase won’t take effect until later, understanding your benefits and how the payment schedule works can help you stay prepared. Keep an eye on your direct deposit and make sure your eligibility remains in good standing to ensure smooth payments moving forward.

FAQs