Cheapnail Salons Nearme

2025 COLA Boost: SSI Benefits Set to Increase by 2.5% for Individuals and Couples

0

The 2025 COLA hike will also raise Supplemental Security Income benefits. SSI recipients will take benefit of the 2.5% increase. As of 2024, the current maximum amount is three.

For example, as a person, you may collect up to $943 in 2024. Married couples who are both on SSI and qualify may get up to $1,415 in 2024. This federal benefit for low-income citizens is also available to essential persons. In fact, they can only receive up to $472 this year before the 2025 COLA.

$1,450 for SSI in 2025 Following the COLA

Following the 2.5% COLA increase, eligible married couples will be entitled to receive up to $1,450. Of all, you can only get so much money if you have a low income, few or no resources, and no deductions at all.

Keep in mind that many Supplemental Security Income beneficiaries get Social Security retirement or SSDI benefits. This will diminish their monthly SSI payment.

As of August 2024, the average SSI benefit for people 65 and older is around $575. While those under the age of 18 can receive an average of $820. This latter category cannot collect retirement or SSDI benefits on their own record, and their payments are significantly larger.

Other SSI Maximums After COLA

Depending on whether you receive SSI as an individual or an essential person, you may get various payment amounts following the 2025 COLA hike.

Payment Category Payment Before COLA
Payment After COLA
Maximum Supplemental Security Income (Individual) N/A $967
Maximum Supplemental Security Income (Essential Person) N/A $484
Recipients with a payment worth $500 $500 $512
Recipients with a payment worth $600 $600 $615
Recipients with a payment worth $700 $700 $717
Recipients with a payment worth $800 $800 $820
Recipients with a payment worth $900 $900 $922
Recipients with a payment worth $1,000 $1,000 $1,025
Recipients with a payment worth $1,100 $1,100 $1,127
Recipients with a payment worth $1,200 $1,200 $1,230

The first SSI payment with the 2025 COLA increase will be given on December 35th.

Leave A Reply

Your email address will not be published.