What to Expect from Social Security Officials

According to Lagradaonline, Some Social Security beneficiaries may notice a change in their payment schedule for November 2024. Specifically, recipients of Supplemental Security Income (SSI) will receive two payments next month due to a quirk in the calendar.

Two Checks for November

This adjustment in the Social Security Administration’s (SSA) payment calendar may be unexpected for some, especially for the 7.5 million individuals receiving SSI benefits. Traditionally, SSI payments are issued on the first business day of each month. However, since December 1 falls on a Sunday, the SSA has adjusted the payment schedule, leading to two checks in November: one on November 1 and another on November 29. This situation mirrors what happened in August, when beneficiaries received two checks in September and only one for the previous month.

Understanding Supplemental Security Income (SSI)

SSI is distinct from Social Security retirement benefits. According to AARP, while the SSA administers SSI, it is funded through the U.S. Treasury and state supplements, rather than through income taxes like Social Security benefits. The primary aim of SSI is to support the elderly and individuals with disabilities. Eligibility for SSI benefits can be determined by several factors, including:

• Limited income and resources
• A disability or blindness
• Being 65 years of age or older

As of 2024, the maximum monthly SSI benefit is $943 for individuals and $1,415 for couples, provided they meet the necessary qualifications.

Key Differences Between SSI and SSDI

It’s important to clarify that SSI is different from Social Security Disability Insurance (SSDI). SSDI provides benefits to individuals who have a disability and have contributed to Social Security through income taxes after years of work. Unlike SSDI, SSI does not require a work history.

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Cost-of-Living Adjustment for 2025

In early October, the SSA announced a 2.5% cost-of-living adjustment (COLA) for 2025. As a result, ordinary beneficiaries can expect their monthly payments to increase by approximately $50, rising from $1,907 in January 2024 to $1,957 in January 2025. This annual COLA is crucial for ensuring that beneficiaries’ purchasing power is not eroded by inflation.

Planning Ahead for Social Security Payments

The SSA releases annual payment schedules in advance, allowing recipients to plan accordingly. Beneficiaries should note that several months in 2025 may reflect a similar pattern to the payment quirks experienced in November.

Streamlined SSI Applications Coming Soon

In a recent announcement, the SSA revealed plans to introduce a new, streamlined application process for SSI benefits later this year. The new online system, named iClaim, will feature simpler, plain-language questions to facilitate the application process for potential recipients. Initially, not all applicants will have access to this system, but the SSA aims to expand access in 2025.

This updated process will especially benefit first-time applicants aged 18 to 65 who have never been married and are applying for both Social Security welfare and SSI. The SSA’s goal is to make applying for benefits more accessible and efficient for those in need.