Connect with us

Hi, what are you looking for?

Finance

Understanding the Unique SSDI Payment Schedule: 17th of July and Beyond

(photo: La Grada)

Understanding the Unique SSDI Payment Schedule

When to Expect Your Benefits

The Social Security Disability Insurance (SSDI) payment schedule has a unique payment system which was introduced by the Social Security Administration (SSA) in 1997. The payment date is determined by the beneficiary’s birth day, with different dates for those born within different ranges of the month. Specifically, those born between the 1st and 10th of any month receive their payment on the second Wednesday of every month while those born between the 11th and 20th receive their payment on the third Wednesday and those born between the 21st and 31st receive their payment on the fourth Wednesday.

READ ALSO: 300,000 Kids To Benefit From Colorado’s New $120 Summer EBT Program – How To Qualify?

(PHOTO: Newsweek)

SSDI Payment Schedule: Understanding the Exceptions and Potential for Double Payments

Beneficiaries born between the 11th and 20th of any month will receive their SSDI payment on July 17 this year, following the standard payment schedule. However, there are exceptions to this rule. Specifically, SSDI beneficiaries who enrolled in the program before May 1997 or those who are also receiving Supplemental Security Income (SSI) receive their payments on the first day of every month, regardless of their birth date.

As a result of these exceptions, some beneficiaries may receive two payments in a single month. For instance, those who received their first payment on May 1 due to their birth date or other factors received their second payment on May 31, as May 1 fell on a Saturday and was advanced to the previous business day. A similar scenario will occur in August when August 1 falls on a Monday, and September 1 falls on a Sunday. In this case, the SSA will advance the September payment to Friday, August 30 resulting in some recipients receiving two payments in August, according to the report of Marca.

READ ALSO: $5,000 Tax Credit And 5% Rent Cap: Biden’s Plan To Tackle High Housing Costs

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *