The Social Security Administration (SSA) is planning two Supplemental Security Income (SSI) payments for November 2024.
This isn’t a bonus or extra payment; instead, it’s a scheduling adjustment that shifts the December SSI payment to the end of November. Here’s a detailed breakdown of what this means for beneficiaries.
What Are SSI Payments, and Who Gets Them?
SSI is a federal program designed to help people with limited income and resources, including seniors, disabled individuals, and blind individuals. To qualify, applicants must meet strict income and asset limits and be approved by the SSA.
When Will Payments Be Sent?
- First Payment: November 1, 2024
This is the regular SSI payment for November. It will be sent to eligible recipients who applied and continue to meet the program’s requirements. - Second Payment: November 29, 2024
This is the advance December payment. Although you’ll receive it in November, it is meant to cover expenses for December.
Maximum SSI Payment Amounts in November 2024
The maximum SSI payments in November 2024, without the upcoming COLA (Cost-of-Living Adjustment), are as follows:
- Individuals: $943
- Married Couples: $1,415
- Essential Persons: $472
From December 31, 2024, these amounts will increase due to the COLA adjustment:
- Individuals: $967
- Married Couples: $1,450
- Essential Persons: $484
What About SSDI Payments?
For individuals receiving both SSI and Social Security Disability Insurance (SSDI), there’s good news. SSDI payments for November will be sent earlier—on November 1, 2024—since the usual date, November 3, falls on a Sunday.
Key Takeaways for Beneficiaries
- The November 29 SSI payment is the December installment, so budget wisely.
- The 2025 COLA increase won’t take effect until December 31, 2024.
- If you know someone struggling with low Social Security payments, encourage them to apply for SSI.
Understanding the SSI payment schedule can help beneficiaries manage their finances better. November 2024 includes two payments—one for the current month and an advance for December.
Remember to save the November 29 payment for December expenses. Additionally, keep an eye out for the 2025 COLA increase starting December 31, 2024, which will bring some financial relief.
1. Why are there two SSI payments in November 2024?
The SSA scheduled the December payment for November 29 due to timing adjustments. This is not a bonus payment.
2. When will the COLA increase be applied to SSI?
The 2025 COLA increase will begin with payments on December 31, 2024.
3. What should I do with the second November payment?
The November 29 payment is intended for December expenses. Save it to cover costs for that month.
4. How much will SSI recipients receive after the COLA increase?
From December 31, 2024, the new maximum payments are:
$967 for individuals
$1,450 for married couples
$484 for essential persons
5. Who can apply for SSI?
People with low income and resources, including seniors, disabled individuals, and blind individuals, can apply if they meet the eligibility criteria.
