SSI is a federal payout for low-income individuals with few to no resources. You should be aware that these benefits will grow before Social Security payments do. This is because the Supplemental Security Income for January will be issued earlier than normal.
SSI payments are typically issued on the first of the month. However, if they fall on a weekend or a federal holiday, they must be sent the prior working day, according to Social Security. Supplemental Security Income checks, unlike retirement and SSDI benefits, are federally funded.
The exact date SSI benefits will increase
Supplemental Security Income payments will increase on December 31, 2024. Because New Year’s Day is not a business day, the SSA has planned this monthly payment 24 hours in advance.
Receiving this SSI payout ahead of schedule will be extremely beneficial to retirees who have already exhausted their savings. Not to mention that having a little additional cash will be beneficial. On average, SSI benefits will increase by around $17.
That is less than $20, significantly less than the average $50 rise Social Security forecasts for retirement retirees. Remember that this benefit is a supplement, not the primary source of income. That is why many qualified claimants do not qualify for the entire amount and receive a decrease from the Social Security Administration.
SSI maximum amounts after 2025 COLA
The 2025 COLA hike raises SSI payments to $967 for individuals and $1,450 for qualified married couples. The current rates range from $943 for singles to $1,415 for married couples.
Essential employees will receive up to $484 after the 2025 COLA, up from $472. Three additional interesting facts about SSI benefits are:
- these benefits may arrive twice per month when a check is issued in advance
- some non-citizens may qualify for these benefits, check eligible categories of non-citizens
- can be collected while on Social Security or SNAP benefits
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