Starting in November, around 7 million Americans who rely on Supplemental Security Income (SSI) benefits can expect a unique payment schedule. The Social Security Administration (SSA) has arranged for two SSI installments in November, which might raise questions among beneficiaries. This adjustment is designed to ensure beneficiaries receive their December payments on time without disruption. Here’s an overview of what to expect with this adjusted SSI schedule, including upcoming increases tied to the cost of living adjustment (COLA) for 2025, qualification requirements, and changes to the application process.
Adjusted SSI Payment Schedule for November and December
To accommodate holidays and weekends, the SSA occasionally shifts payment dates. This year, due to December 1 falling on a Sunday, SSI payments will be made a day earlier, on Friday, November 29. Beneficiaries can expect payments on these dates:
- November 1, 2024
- November 29, 2024
In addition, since January 1 is a federal holiday, SSI recipients will receive an extra payment on December 31, 2024, to cover January’s installment. These adjustments prevent beneficiaries from missing payments over the weekend or during holiday closures.
Increase in 2025 Due to COLA
Beginning January 2025, SSI benefits will reflect the SSA’s annual cost of living adjustment (COLA). Set at 2.5% for 2025, this increase aims to help beneficiaries maintain their purchasing power amid rising costs. Here’s a breakdown of the monthly increases for different beneficiary groups:
| Beneficiary Type | 2024 SSI Amount | New 2025 Amount | Monthly Increase |
|---|---|---|---|
| Average Amount | $698 | $715 | $17 |
| Individuals | $943 | $967 | $24 |
| Couples | $1,415 | $1,450 | $35 |
| Essential Persons* | $472 | $484 | $12 |
*Essential persons are individuals who live with an SSI recipient and provide essential care or support.
Eligibility Criteria for SSI Benefits
SSI benefits are aimed at providing financial assistance to low-income individuals who are elderly, blind, or disabled. Unlike Social Security retirement benefits, which are funded through payroll taxes, SSI is financed through the U.S. Treasury and supplemented by state funds. While income and resources are considered, a specific employment history is not required. The key eligibility criteria are as follows:
- Low Income and Limited Resources: Applicants must have minimal income and financial assets. Limits vary slightly by state but are generally stringent to focus resources on those in significant financial need.
- Disability, Blindness, or Age: SSI is available to individuals who are 65 or older, blind, or meet the SSA’s criteria for disability.
- Income Limits: The maximum monthly benefit for eligible individuals is $943, while couples may receive up to $1,415. These amounts can vary with state supplements.
Difference Between SSI and SSDI
While both SSI and Social Security Disability Insurance (SSDI) provide support for people with disabilities, their funding sources and eligibility requirements differ:
- SSI: Offers benefits based on financial need, targeting elderly and disabled individuals with low income and few assets.
- SSDI: Is based on prior work history, offering benefits to those who have contributed payroll taxes to Social Security and meet the SSA’s definition of disability.
New SSI Application Process: Streamlining with iClaim
In response to applicant feedback, the SSA is rolling out a simplified online application system, iClaim, which launches in phases starting in December 2024. The system aims to make the application process faster and easier to navigate by offering clearer questions and guidance.
The first phase will be available to first-time applicants between ages 18 and 65 who have never been married and are applying for both Social Security and SSI benefits at once. The SSA plans to expand this system in 2025, allowing more applicants to benefit from the streamlined process.
Why are there two SSI payments in November?
The SSA adjusted the November schedule to accommodate a weekend and holiday in December, ensuring beneficiaries receive payments on time.
What is COLA, and how will it impact SSI payments in 2025?
COLA is the Cost of Living Adjustment, a yearly increase based on inflation to help SSI recipients keep pace with rising costs. In 2025, SSI benefits will see a 2.5% increase.
Can anyone with low income qualify for SSI?
To qualify, applicants must be elderly, disabled, or blind with low income and limited assets. SSI is specifically designed for those with significant financial need.
