SSI beneficiaries are the ones who get a supplement to their earnings from Social Security. This is because they have a low income and they could face food insecurity.
Remember that the Administration will always send one SSI payment per month. In total, there would be 12 checks per year. So, that means that there will be no extra payments.
However, if you have a close look at the Social Security payment schedule, there will be 2 SSI payments next month. So, those on Supplemental Security Income will cash a check at the beginning of the month, and another one at the end.
Why will SSI beneficiaries receive two payments in December?
The reason why Supplemental Security Income recipients will collect 2 payments in December is because of a holiday. Since the January payment is on New Year, it will arrive in advance.
Do not forget that the Administration always sends SSIpayments on the first day of the month. But at the same time, there are no Social Security payments on the weekend or on a holiday.
In order to avoid sending moneyon New Year, the Administration has rescheduled the Supplemental Security Income paydays. By doing so, beneficiaries will collect their payment 3 days before the due date.
Therefore, the January 1 check will be sent on December 29. Then, there will be no bonus or extra payment for Supplemental Security Income recipients. What will also be different are the amounts of these payments.
What are the SSI amounts in December?
December 1 will be payday for Supplemental Security Income recipients. On this day, the largest check will be $914 for individuals. An essential person can receive a payment of up to $458.
If you are an eligible married couple, your check could be $1,371. However, since Social Security has announced a 3.2% increase for 2024, the January payment will give recipients more money. Thanks to the 2024 COLA (Cost of Living Adjustment) SSI beneficiaries can collect a payment of up to $943.
Then, those collecting the largest amount can receive $29 extra per month. Married couples will receive up to $1,415, 44 dollars more per month if eligible. Essential persons will also see their SSI benefits grow by 3.2%. So they will cash up to $472 in 2024.
The first check to get the COLA will be for Supplemental Security Income recipients on December 29. The rest of Social Security beneficiaries will have to wait a little longer. January 3, 10, 17, and 24 will be the first paydays with the COLA.