The Social Security Administration (SSA) has recently announced its payment schedule and Cost-of-Living Adjustment (COLA) for Supplemental Security Income (SSI) recipients. The timing and amount of payments in late 2024 and early 2025 will change, including an additional boost thanks to the 2025 COLA increase. Here’s what SSI recipients can expect.
SSI Payments
SSI recipients expecting their December 2024 payments will receive them early—on November 29, 2024, instead of the usual December 1. The early payment is due to the way payment schedules align with weekends and holidays.
However, there’s a surprise for December: another SSI payday will be on December 31, 2024. This check is actually for January 2025, but it will be issued on the last day of December. This ensures that recipients have access to their benefits as the new year begins.
COLA Increase
The reason the December 31 payment will be different is because it will include the 2025 COLA increase. COLA adjustments ensure that SSI and Social Security benefits keep pace with inflation. For 2025, the COLA increase will be 2.5%, slightly below the 10-year average of 2.6%. This year’s increase is also lower than the boosts seen in 2022, 2023, and 2024.
The COLA adjustment may not seem large, but it offers essential financial relief as living costs rise. For example, if you currently receive a $500 SSI check, it will increase to $512.50 after the COLA is applied.
SSI Payment Maximums
With the 2025 COLA increase, the maximum SSI benefit amounts will rise. Here’s a breakdown of the new maximums:
- Individuals will receive up to $967 per month.
- Eligible married couples (both receiving SSI) will get $1,450 monthly.
- Essential persons (those living with and assisting SSI recipients) will get $484.
These adjustments will go into effect with the December 31 payment, which is intended for January 2025.
Additional Support
SSI benefits are designed for low-income Americans who are either:
- Disabled
- Blind
- At least 65 years old
Additionally, recipients must have little or no resources to qualify. If you meet these requirements, SSI provides financial assistance to cover basic needs such as food, clothing, and shelter. Those who face significant financial hardship may also qualify for SNAP benefits (formerly known as food stamps) to help with groceries.
As 2024 wraps up, SSI recipients will receive two payments: one on November 29 and another on December 31, the latter reflecting the 2025 COLA increase of 2.5%. While the increase is smaller than in recent years, it still helps to mitigate rising living costs. For those who qualify, this financial boost can provide meaningful relief, ensuring that basic needs are met as inflation continues.
If you’re unsure about your eligibility for SSI or SNAP, it’s a good idea to consult with the Social Security Administration or a local benefits office to ensure you’re getting the support you need.
FAQs
When will the December 2024 SSI payment arrive?
SSI payments will arrive on November 29, 2024, two days early.
Why is there another SSI payment on December 31?
The December 31 payment is for January 2025, including the 2025 COLA increase.
How much is the 2025 COLA increase for SSI?
The 2025 COLA increase is 2.5%.
What are the new maximum SSI amounts for 2025?
The maximums are $967 for individuals and $1,450 for married couples.
Can SSI recipients also receive SNAP benefits?
Yes, SSI recipients with low income and limited resources can apply for SNAP.
