When someone with a low income and few or no resources applies for SSI, the government gives them money. This benefit will go up before your Social Security payments do. That’s something you should know.
Because January Supplemental Security Income will be sent out before the normal date, this is the case.
Most of the time, SSI payments are made on the first of every month. But if they fall on a Federal Holiday or the weekend, they need to be sent on the business day before, according to Social Security. Supplemental Security Income checks are paid for by the federal government, unlike retirement or SSDI benefits.
The exact date SSI benefits will increase
On December 31, 2024, payments for Supplemental Security Income will go up. SSA set up this monthly payment 24 hours ahead of time because January 1 is not a business day.
For retirees who have already spent all their money, getting this SSI payment early will mean a lot. On top of that, getting an extra few dollars will be helpful. SSI benefits will go up by about $17 a month on average.
That’s less than twenty dollars, which is a lot less than the fifty dollars that Social Security says retirement beneficiaries will get on average.
Keep in mind that this benefit is meant to be an extra, not your main source of income. That’s why a lot of people who are eligible don’t get the full amount; instead, the Social Security Administration cuts their benefits.
SSI maximum amounts after 2025 COLA
With the 2025 COLA increase, SSI payments will go up to $1,450 for married couples who are eligible and $967 for single people. Now, it’s up to $943 for single people and up to $1,415 for married people.
People who are essential will get up to $484, up from $472, after the 2025 COLA. Three more interesting facts about SSI benefits are:
- these benefits may arrive twice per month when a check is issued in advance
- some non-citizens may qualify for these benefits, check eligible categories of non-citizens
- can be collected while on Social Security or SNAP benefits
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