Good news for Supplemental Security Income (SSI) recipients! A big payment is just 17 days away. Scheduled for November 29, 2024, this payment might go up to $1,415 for couples or $943 for individuals.
Starting January 2025, recipients will also get a 2.5% Cost-of-Living Adjustment (COLA).
SSI provides financial help to low-income individuals who are elderly, blind, or disabled. It covers basic needs like food, housing, and medical care.
Here’s a simple breakdown of the upcoming payments and eligibility details:
Key Payment Details
- Next Payment Date: November 29, 2024
- January 2025 Payment Date: December 31, 2024 (with COLA increase)
- Maximum Payment Amounts: $943 for individuals, $1,415 for couples
- COLA Increase: 2.5%, starting January 2025
To get the most out of these benefits, it’s important to understand eligibility rules, update personal details, and plan finances well.
What Is SSI and Who Can Get It?
SSI (Supplemental Security Income) is a government program run by the Social Security Administration (SSA). It provides financial help to people in the U.S. with low income and limited resources.
You don’t need a work history to qualify because SSI is funded through taxes, not Social Security contributions.
Who is Eligible?
- Age or Disability:
- 65 years or older
- Legally blind or disabled
- Income Limits:
Income includes wages, Social Security benefits, and government payments. The first $20 earned each month isn’t counted. - Resource Limits:
- $2,000 or less for individuals
- $3,000 or less for couples
(Excludes primary home and vehicle.)
- Residency and Citizenship:
Applicants must be U.S. citizens or meet specific non-citizen requirements. Residency in U.S. states or certain territories is required.
Upcoming Payment Schedule
SSI payments are usually sent on the 1st of every month. If the date falls on a weekend or holiday, payments are sent earlier. Here’s the upcoming schedule:
- November 29, 2024: Payment for December 2024
- December 31, 2024: Payment for January 2025 (includes COLA increase)
The early payments ensure recipients get their money on time, even during holidays.
Payment Amounts
The amount you receive depends on your financial situation, including your income and whether you are single or part of a couple:
- Single Individual: Up to $943
- Couple: Up to $1,415
For example:
- John, 67, with no additional income, gets $943.
- Mary and James, a couple with limited income, get $1,415 together.
How to Apply for SSI?
If you think you qualify, follow these steps to apply:
- Gather Documents:
- Birth certificate or proof of age
- Social Security number
- Proof of citizenship or residency
- Bank statements, wage stubs, or other financial records
- Medical records (if applying due to disability)
- Submit Application:
- Online via the SSA website
- By phone at 1-800-772-1213
- In person at your local SSA office
- Complete an Interview:
Interviews may happen over the phone or in-person to verify your application.
What’s New in 2025 with COLA?
From January 2025, SSI recipients will receive a 2.5% COLA increase to keep up with inflation. The new amounts will look like this:
- Single Recipient: $943 increases to $966
- Couple: $1,415 increases to $1,450
This increase will be applied automatically, so no extra steps are needed.
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Archer Bannister is a journalist with 4 years of experience covering hard-hitting stories. Currently working with Mikeandjonpodcast, Archer specializes in delivering timely and in-depth updates on a variety of topics, including crime news, politics, and national issues affecting the USA. His expertise and dedication to delivering accurate, impactful news make him a trusted voice for audiences seeking to stay informed on critical topics.
