The Social Security Administration (SSA) has announced a big update for people receiving Supplemental Security Income (SSI). Eligible couples will soon see their maximum payments increase to $1,450. This boost comes as part of a 2.5% cost-of-living adjustment (COLA) for 2025. However, the payment will be made before 2025 begins, with checks being sent out on December 29, 2024.
Since January 1, 2025, is a holiday, SSA has adjusted the schedule to ensure no one misses their payment. This news is great for many, especially as they prepare for the new year. Let’s take a look at how this increase affects different beneficiary categories.
Breakdown of the SSI Increase
Here’s a breakdown of how the new payment amounts will look for different groups:
| Beneficiary Category | Monthly Check (Current) | Monthly Check (2025 with COLA) | Increase Amount |
|---|---|---|---|
| Average Benefits | $698 | $715 | $17 |
| Individuals | $943 | $967 | $24 |
| Couples | $1,415 | $1,450 | $35 |
| Essential Persons | $472 | $484 | $12 |
As you can see, people will see a modest increase in their checks based on their category. The largest increase will be for couples, who will see $35 more per month starting in 2025.
What to Do if Payments Are Delayed
If your SSI payment doesn’t arrive on time, don’t panic. The SSA advises that you wait at least three mailing days before contacting them. Payment delays are often caused by your bank, not the agency itself.
You can also check the status of your payments or access other important information through your My Social Security Account. This tool allows beneficiaries to:
- View financial statements
- Track payment schedules
- Get more details about their benefits
SSI Eligibility Requirements
To qualify for SSI benefits, you must meet the following eligibility criteria:
- You must have minimal or no financial resources.
- You need to have low or no income.
- You must be 65 years or older, blind, or disabled.
The SSA also requires that applicants demonstrate they have limited income and resources to be eligible for SSI. If you are applying for both SSI and Social Security benefits, be aware that there’s a new streamlined application process starting in 2024. This process is designed to make the application faster and easier.
How the New Online Application Process Works
The SSA has introduced a faster, more user-friendly online tool to help you apply for SSI benefits. This new process, called iClaim, features clearer questions that will help make the application process quicker.
- Phase One (2024): The new system will be available for first-time applicants aged 18 to 65, who have never been married, and who are applying for both SSI and Social Security benefits.
- Phase Two (2025): The system will be expanded to include more applicants.
This change is expected to make the application process simpler and more efficient for everyone.
Key Differences Between SSDI and SSI Benefits
While both SSI and Social Security Disability Insurance (SSDI) offer financial help, they have different eligibility criteria and benefits:
| Feature | SSI | SSDI |
|---|---|---|
| Eligibility Criteria | Age, disability, and limited income/resources | Disability and work credits |
| Health Benefits | Medicaid (in most states) | Medicare (after 24 months of benefits) |
| Funding Source | Federal income taxes | Social Security payroll taxes |
| Work History Requirement | Not required | Required |
It’s important to know these differences before applying for benefits, as they help determine which program you may qualify for.
Conclusion
The recent Social Security increase announcement offers a significant boost to eligible recipients, especially those receiving SSI. The additional payment and the upcoming COLA adjustment should help many individuals and couples better manage their finances in the new year. If you’re unsure about your eligibility or payment status, it’s important to check through your My Social Security Account and stay updated on the latest news from the SSA.
In case of payment delays or other issues, be patient and follow the SSA’s instructions for resolving any concerns. With the new streamlined application process for 2024 and beyond, applying for benefits should be simpler than ever.
FAQ’S
When will the new Social Security payments be made?
The new Social Security payments, including the $1,450 for eligible couples, will be made on December 29, 2024, before the start of the new year.
How much will my Social Security payment increase?
Payments will increase based on your beneficiary category. For couples, the increase is $35, for individuals it’s $24, and for essential persons, it’s $12.
3. How do I know if I qualify for the increased payment?
To qualify for the SSI payment increase, you must meet specific eligibility requirements, such as having limited income and resources, or being 65 or older, blind, or disabled.