SSI users will get their next payment in approximately 3 weeks. Even if everyone received their December payment on November 29, 2024, there will be another one on December 31, 2024. The final payment will be made on January 1, 2025, not in December. The Social Security Administration has rescheduled the Supplemental Security Income and will send it 24 hours in advance.
Receiving an SSI check or direct deposit in advance offers numerous benefits, including the ability to spend funds quickly in times of financial need. Due to the Federal Holiday on January 1st, SSA offices and banks will be closed, thus they will transmit it before the deadline. Even if online services are available, no payments are issued on that date.
SSI payments of up to $1,450
Social Security has announced that eligible married couples will receive up to $1,450 in federally financed payments. If you are single, your maximum payout from Supplemental Security Income will be $967, up from $943.
These are the highest SSI payment levels if you do not receive any reductions. If you receive Social Security Disability Insurance (SSDI) or retirement benefits, your benefits will typically be reduced.
As of November 2024, all SSI users receive an average payout of $698. Supplemental Security Income users aged 65 and up receive an average of $575 since they may be receiving retirement payments.
Essential persons to get $484 from SSI
If you are not an individual or married couple, you may still qualify for Supplemental Security Income payments. To qualify as an essential person, you must meet all necessary qualifications.
Despite a lesser payout of up to $484, it provides significant assistance to those in greatest need. SSI benefits for individuals, couples, and essential persons will increase by 2.5% with the 2025 COLA hike.
If your payment is insufficient and you are experiencing food insecurity, you can apply for additional Federal programs, such as the Supplemental Nutrition Assistance Program (SNAP).
Also See:- The New Major Changes to Social Security