In 2024, SSDI compensation can reach up to $3,822. However, this maximum quantity for an individual is quite difficult to accomplish. Only individuals who have earned the taxable maximum (contribution and benefit base) during the previous 35 years may be eligible. When inflation rises, Social Security adjusts payout amounts accordingly. The Agency accomplishes this through the use of COLAs.
According to the most recent COLA Fact Sheet, the expected average monthly Social Security Benefits received in January 2025 will be $2,826 for a disabled worker, spouse, and one or more children. Of course, only those who have earned the appropriate income and qualify can receive such a sum of money. SSDI benefits may be lower or greater than the norm.
When will the first $2,826 average SSDI payment be sent?
According to Social Security’s payment schedule, the first disability insurance payments with the COLA rise will be made on January 3, 2024. If you meet either of these two qualifications, this is your payday.
If you started receiving SSDI before May 1997, your payment date will be January 3. Another possibility is that you receive both SSI and SSDI. Keep in mind that if you also receive SSI, it’s likely because your SSDI payment is smaller than usual.
After January 3, there will be three further paydays, which will include the 2025 COLA rise. A modest 2.5% increase, but it is important if you rely on a low disability income.
Who can receive SSDI on January 8, 15 or 22?
These paydays will be for those who:
- Do not qualify and do not receive SSI
- Did not start getting Social Security Disability Insurance before May 1997
- Their birthday falls from:
- The 1st through the 10th
- The 11th through the 20th
- The 21st through the 31st
The current average SSDI payment is around $1,542, and a 2.5% increase would be roughly 38 dollars. It will be less than the predicted $50 increase for pensioners.
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