The Social Security Administration (SSA) has confirmed that SSI (Supplemental Security Income) payments for eligible recipients will be coming soon. The big change is that this month’s SSI payment will be $745, and it’s arriving in just 11 days. However, the payment amount varies depending on the recipient’s age and other factors. Here’s what you need to know about the new payment schedule.
Why the $745 SSI Payment is Arriving Early
The reason for this new $745 SSI payment schedule is because the usual December 1st payday falls on a Sunday. Since both the SSA offices and banks are closed on Sundays, the government has moved the payment date to the previous business day to ensure there are no delays. This means eligible SSI recipients will get their payment on November 29, 2024.
Who Will Receive the $745 Payment?
To qualify for the $745 SSI payment, you must be between the ages of 18 to 64 years old. However, depending on your specific situation, you might receive a higher or lower amount. Some people could qualify for up to $943 in 2024, while others may see a smaller payment if they receive additional benefits.
For example, if you’re aged 65 or older, your typical payment will be about $576. Those under 18 years of age may receive about $803. It’s important to note that no payments made in late November will reflect the 2025 COLA increase.
What Are the Criteria for Getting the SSI Payment?
To be eligible for the $745 SSI payment in November, you need to meet certain conditions, such as having a low income, few or no resources, and meeting one of these conditions:
- Being 65 years old or older
- Having a qualifying disability
- Being blind
What Happens in December?
In December, there will be a second payday for SSI recipients. The December 1st check will be delivered on December 31, 2024. This payment will include the 2025 COLA (Cost of Living Adjustment) increase, so keep an eye out for this boost to your payment.
Quick Summary
The Social Security Administration has moved the SSI payment date for December 1, 2024 to November 29, 2024. If you’re eligible, you may receive an amount ranging from $576 to $943, depending on your age and eligibility. The 2025 COLA increase won’t show up in the November payment but will be reflected in the December 31, 2024 payment.
FAQ’s
When is the next SSI payment?
The next SSI payment is on November 29, 2024 due to the December 1 payday falling on a Sunday.
How much will the payment be?
The typical payment amount for recipients aged 18-64 is $745, but it can be as high as $943 for some. Seniors aged 65+ may receive $576.
Will I get the 2025 COLA increase in November?
No, the 2025 COLA increase will not be included in the November payment. It will be added to the December 31, 2024 payment.