Every new year the citizens of the United States can get an increase in their Disability benefit that will be permanent. This increase has the name of COLA and thanks to it we are going to be able to have extra money that can be used in whatever we want. The best part is that each and every American can get this increase.
That is, each and every American who has a Social Security benefit. Likewise, beneficiaries on Disability or for any other reason have access to this benefit increase. It doesn’t matter what type of benefit, so anyone with a retirement check gets the COLA annually.
Even so, the COLA increase depends directly on the Government. It is the government that decides how much Social Security Disability benefits increase. The COLA is calculated based on inflation in the third quarter of each year. Depending on that inflation we will have more or less each year.
What is the maximum Disability check in 2024?
The Social Security Administration sends a new check to its retirees every month. If we have had this benefit accepted since before 2024 we can see that since January of this year it has increased a little. To be exact, the increase has been 3.2% in the monthly check.
So each and every Social Security benefit payment has increased by 3.2%, which makes beneficiaries a little extra money. And that’s why Disability checks in 2024 go to $3,822 maximum.
Mind you, not all Americans can get such a check. The calculation of these benefit payments is on an individual basis. Therefore, we find that each beneficiary will get a check based on his or her record.
When is the next Social Security payment?
The next Social Security payment, whether for disability or other reasons, will appear on the 28th day of the month on Direct Deposit checking accounts. That is, the Social Security Administration will send the payment on that day. Whether you get it earlier or later will depend on the collection method you choose.
In order to be able to collect this check we have to fulfill two requirements. On the one hand, it is necessary to have the benefit since after 1997. Specifically, from May of that year.
On the other hand, it is also necessary to have a birthday between the 21st and 31st of the month. This will be the last of the payments for Disability and other Social Security reasons in February 2024 and after that we will have to wait until March for a new check.