Retirees, survivors, disabled individuals, and Supplemental Security Income (SSI) recipients depend on the Social Security Administration (SSA) for monthly benefits.
In November 2024, some recipients of the SSI program will receive two payments due to the way the calendar falls, offering timely financial relief.
This article breaks down the details of these payments, the upcoming Cost of Living Adjustment (COLA) increase, and how to apply for SSI benefits.
Double SSI Payment in November 2024
Each month, the SSA makes payments to over 70 million Americans, adhering to a set payment schedule. For SSI recipients, payments are generally made on the first of the month.
However, when the first falls on a weekend or holiday, the payment is issued the Friday before. In November 2024, this will result in two payments for some beneficiaries:
- First Payment: November 1st, 2024
- Second Payment: November 29th, 2024 (for December 1st)
This double payment is a result of December 1st falling on a Sunday, pushing the December SSI payment forward to November 29th.
SSI Payment Schedule for the End of 2024
Here’s a look at the payment schedule for the remaining months of 2024:
| Month | SSI Payment Date | Advanced Payment |
|---|---|---|
| October | October 1st, 2024 | None |
| November | November 1st, 2024 | November 29th, 2024 |
| December | December 31st, 2024 (January 1st) | None |
Recipients are advised to wait at least three postal days if their payment does not arrive before contacting Social Security customer service.
Understanding the 2.5% COLA Increase for 2025
Starting in January 2025, Social Security benefits will increase by 2.5%, providing millions of retirees, survivors, disabled individuals, and SSI claimants with higher monthly payments. This adjustment is intended to help beneficiaries keep up with rising living costs due to inflation.
New Payment Amounts with COLA
Here are the expected new Social Security benefit amounts after the COLA increase:
| Category | Current Average | 2.5% Increase | 2.63% Increase |
|---|---|---|---|
| Retirement (Age 62) | $2,710 | $2,780 | $2,781 |
| Retirement (Age 67) | $3,822 | $3,920 | $3,923 |
| Retirement (Age 70) | $4,873 | $4,998 | $5,001 |
| Survivor Benefits (Individual) | $1,773 | $1,819 | $1,820 |
| Survivor Benefits (2 Children) | $3,653 | $3,747 | $3,749 |
| Disability Benefits (Blind) | $2,590 | $2,657 | $2,658 |
| SSI Benefits (Individuals) | $943 | $967 | $968 |
| SSI Benefits (Couples) | $1,415 | $1,451 | $1,452 |
| Essential Person | $472 | $484 | $484 |
These new payment amounts are expected to help cover rising expenses, providing critical support for millions of beneficiaries.
Who Is Eligible for SSI Benefits?
The SSI program is designed to provide financial aid to low-income seniors, individuals with disabilities, and families with children who have special needs. To qualify, applicants must meet certain income and asset limits. Eligibility criteria include:
- Age: Individuals must be aged 65 or older, or have a qualifying disability if younger.
- Income Limits: Single individuals can earn up to $943 per month, while couples can earn up to $1,415.
- Asset Limits: Individuals may have up to $2,000 in assets, and couples can have up to $3,000 in countable resources.
- Disability: Disabled individuals must provide medical documentation proving their disability.
- Citizenship: SSI is generally available to U.S. citizens or certain categories of non-citizens who meet specific requirements.
How to Apply for SSI Benefits
If you think you qualify for SSI benefits, you can apply through the Social Security Administration (SSA) in the following ways:
- Online Application: Visit the SSA website and fill out the required forms online.
- Phone Application: Call the SSA at 1-800-772-1213 to speak with a representative and submit your application.
- In-Person: Visit your local Social Security office to apply in person.
Make sure to have all relevant documents ready, including proof of income, Social Security numbers, and medical records if applying due to a disability.
The two SSI payments in November 2024 offer crucial financial relief to millions of recipients, with the second payment arriving on November 29th, 2024.
Additionally, beneficiaries can look forward to a 2.5% COLA increase starting in January 2025, further enhancing monthly payments. For those eligible, applying for SSI benefits is a straightforward process that can provide long-term financial stability.
FAQs
Will there be two SSI payments in November 2024?
Yes, SSI recipients will receive two payments in November: on the 1st and the 29th.
Why is there a second SSI payment in November?
The second payment is an advance for December, as December 1st falls on a Sunday.
What is the 2025 COLA increase?
The 2025 COLA increase is 2.5%, which will adjust Social Security benefits to keep pace with inflation.
How much will SSI recipients get after the COLA increase?
Single SSI recipients could receive up to $968 per month, while couples could get $1,452.
How do I apply for SSI benefits?
You can apply online, by phone, or in person at your local Social Security office.
