The Supplemental Security Income (SSI) program offers a federal financial benefit of up to $11,604 annually for those who qualify.
With a recent 2.5% cost-of-living adjustment (COLA) set for 2025, the maximum monthly payment for SSI recipients will increase to $967, bringing the annual total to this higher amount.
Here’s what you need to know about qualifying for SSI, the increase, and how it impacts beneficiaries.
What Is SSI?
SSI is a federal program administered by the Social Security Administration (SSA) that provides financial assistance to low-income individuals who are either disabled, blind, or over the age of 65.
Unlike Social Security retirement benefits, SSI is not funded through Social Security’s trust funds; instead, it’s financed by the general U.S. Treasury.
This benefit is designed to help recipients cover basic expenses like food, clothing, and shelter. The new COLA increase means that eligible recipients can now receive more financial support to help offset rising inflation and living costs.
How Much Can SSI Recipients Receive in 2025?
In 2024, the maximum monthly SSI payment for individuals was $943, equating to an annual maximum of $11,321.49. However, with the COLA increase, the monthly payment will rise to $967 in 2025, which totals $11,604 per year. Here’s a breakdown of the amounts:
| Year | Monthly Payment | Annual Payment |
|---|---|---|
| 2024 | $943 | $11,321.49 |
| 2025 | $967 | $11,604 |
The 2.5% increase will give SSI recipients an additional $24 per month, or about $283 annually.
Who Qualifies for SSI?
To qualify for SSI, applicants must meet certain criteria related to income, age, or disability status. Here’s what you need to know:
- Age and Disability: Applicants must be at least 65 years old, or if younger, they must have a qualifying disability or be legally blind.
- Income and Resources: SSI is intended for individuals with low income and limited resources. There are strict income limits, and assets like personal property, cash, and bank accounts are considered when determining eligibility. SSA sets specific limits for these resources, so it’s essential to stay within the guidelines.
- U.S. Residency: Applicants must be U.S. citizens or qualified residents and reside in one of the 50 states, the District of Columbia, or the Northern Mariana Islands. Those who live outside the U.S. for more than 30 consecutive days are generally disqualified from receiving SSI.
How to Apply for SSI
The SSI application process is straightforward and can be completed online or in person. Here’s how to get started:
- Online Application: You can apply for SSI by visiting the Social Security Administration’s website at www.ssa.gov/apply/ssi. This portal allows you to start your application and learn more about required documentation.
- In-Person Appointment: If you prefer, you can make an appointment at your local SSA office to apply in person. SSA representatives can assist with filling out forms and answering questions about eligibility.
Completing the application as accurately as possible ensures a smoother approval process, so have your financial and personal information ready before starting.
When Will the COLA Increase Take Effect?
While the 2.5% COLA increase applies to 2025, SSI recipients will actually see this adjustment take effect on December 31, 2024. Since January 1 falls on a holiday, the SSA has moved the payment date to the previous day, allowing SSI beneficiaries to receive their adjusted payment earlier than other Social Security recipients.
This early payment benefits approximately 7.5 million Americans who rely on SSI for essential living expenses.
The increased SSI payment of up to $11,604 annually provides much-needed support for low-income individuals, especially those who are elderly or have disabilities.
If you think you might qualify, consider starting your application soon to begin receiving these benefits in 2025. With the 2.5% COLA increase, SSI recipients can look forward to a bit of extra income to help manage inflation.
