Official from Social Security – The 3 remaining SSI payments still to be made in 2024

According to Lagradaonline, Some Social Security beneficiaries may notice an unusual activity on next month’s calendar, specifically a plus Supplemental Security Income (SSI) check payment scheduled for November. While this adjustment might not surprise those familiar with the Social Security Administration’s (SSA) 2024 payment schedule, it could confuse others who are accustomed to receiving their payments at the start of each month.

Understanding the November Payment Schedule

The reason behind the two checks for November lies in the calendar itself. With approximately 7.5 million people receiving SSI benefits this year, even a minor change can lead to confusion. The peculiar scheduling means that SSI recipients will receive two payments in November and none in December. This scenario mirrors a similar occurrence in August when recipients received two checks for that month.

Typically, SSI benefits, which assist income-eligible seniors and disabled individuals, are issued on the first business day of each month. However, since December 1 falls on a Sunday this year, the December payment will be distributed on the preceding Friday, November 29. Consequently, SSI recipients will receive their checks on November 1 and November 29.

What is SSI?

Supplemental Security Income (SSI) is distinct from Social Security retirement benefits. According to AARP, while the SSA administers SSI benefits, it does not directly fund them. Unlike Social Security benefits funded through income taxes, SSI is financed by the U.S. Treasury and state supplements.

The primary purpose of SSI is to provide financial assistance to the elderly and individuals with disabilities. Eligibility for SSI benefits can include the following criteria:

• Minimal or no income
• Minimal or no resources
• A disability, blindness, or being aged 65 or older

For 2024, the maximum benefit amounts are set at $943 for individuals and $1,415 for couples, assuming all eligibility requirements are met.

Differences Between SSI and SSDI

It’s essential to differentiate SSI from Social Security Disability Insurance (SSDI). SSI does not require a work history, while SSDI benefits are available to those with disabilities who have contributed to Social Security through their work history.

Anticipating Cost-of-Living Adjustments for 2025

In early October, the Social Security Administration announced a 2.5% cost-of-living adjustment (COLA) for 2025. This adjustment will increase monthly payments for ordinary beneficiaries by approximately $50, bringing the total to $1,957 starting January 2025, up from $1,907 in January 2024. The COLA helps ensure that beneficiaries do not lose purchasing power due to inflation.

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Planning Ahead for Future Payments

The SSA releases its annual distribution schedules well in advance, allowing recipients to plan accordingly. Beneficiaries should be aware that several months in 2025 may follow a similar pattern to November’s unique SSI payment schedule.

Simplified SSI Application Process

In an effort to streamline the application process, the SSA recently announced the rollout of a new online system called iClaim. This system will feature simplified language and straightforward questions to enhance the application experience for users.

Initially, not all applicants will have access to the new system when it launches later this year. However, the SSA indicated that the December application period will generally be available for first-time applicants aged 18 to 65 who have never married and are applying for both Social Security welfare and SSI. A broader rollout of the new system is expected next year, making the application process easier for all potential beneficiaries.

In summary, SSI beneficiaries should stay informed about the upcoming changes in payment schedules and the introduction of a streamlined application process to ensure they can effectively manage their benefits.