The next of the Disability payments that the United States Social Security Administration will carry will include some extra money. This extra money is none other than the added 2024 COLA. Those Americans who were collecting a benefit in March 2024 will see that in this year they have a little more money each month.
And in the case of Social Security disability this is no different. Beneficiaries get an extra 3.2% each month over the previous year. This means the payment can be around $160 for some of them. Still, each increase is unique and results in a percentage of the payment we were already collecting previously.
So what we should keep in mind is that the Disability retirement check has increased by 3.2%, but not an exact figure. For every $100 we previously collected we will now collect $103.2 in this year 2024. This is quite an advantage for Social Security recipients to combat inflation.
Eligibility for the next Social Security disability
In the month of March we have four different payment days. On the past 1st, pre-1997 retirees collected. After that, the Social Security beneficiaries after that year were able to collect on the 13th and 20th days, depending on the day of their birthdays.
Thus, the payment on March 27th is also for post-1997 retirees. However, in order to collect this benefit, it is also necessary to have a birthday between the 21st and 31st of the month. In addition, it is also important to activate Direct Deposit to collect the payment as soon as possible.
Meeting these requirements will be enough to get the new benefit. The rest of the beneficiaries should already have a check available or wait until April to collect their Disability payment again.
What is the maximum SSDI payment?
The maximum SSDI check in this year 2024 is $3,822 per month. Even so, it is difficult to get that high an amount. It all depends on your work history before you apply for disability benefits.
Whatever the check is the important thing is that we will get the COLA anyway. So the payment will increase more or less depending on the benefit we have before. Of course, very few reach the maximum amount.
Compared to the maximum age retirement check there is a lot of dollars difference. And the maximum retirement is $4,873 per month, although it is not really easy for retirees in the United States to have such a high figure.