Social Security Announces Official SSI Payment Dates for Remainder of 2024, Including Notable Increase for One Payment
The Social Security Administration (SSA) has released the final Supplemental Security Income (SSI) payment dates for 2024, ensuring beneficiaries are prepared for their upcoming payments. As September draws to a close, beneficiaries can expect to receive four payments over the next three months, starting with a payment scheduled for October 1st.
Traditionally, SSI recipients receive their benefits on the first of each month. However, if the first falls on a weekend or holiday, the SSA reschedules payments to the preceding business day. For those qualifying for SSI, here are the confirmed payment dates:
| SSI Payments | SSI Payment Dates | Advanced SSI Payment |
|---|---|---|
| September | – | – |
| October | October 1st | – |
| November | November 1st | November 29th (December 1st) |
| December | – | December 31st (January 1st) |
Among these payments, one will include the new cost of living adjustment (COLA). Since January 1st falls on a holiday, the SSA has moved this payment to December 31st. This ensures that SSI recipients will receive their monthly check reflecting the COLA increase.
Eligibility Criteria for SSI
To qualify for SSI payments, beneficiaries must demonstrate monthly earnings below $1,941 and meet the SSA’s asset requirements: individuals must have less than $2,000 in assets, while couples must stay under $3,000. Beyond asset restrictions, applicants must satisfy rigorous financial standards, with disability applicants also needing to meet stringent medical criteria. Due to these strict eligibility rules, many SSI disability petitions face denial, particularly when assets or income exceeds the limits.
Data from between 2018 and 2020 revealed that approximately 40% of applicants were found eligible for SSI. For further information on SSI payments and qualifying conditions, beneficiaries are encouraged to visit the official Social Security website.
Expected Payment Amounts for 2024
In 2024, SSI beneficiaries will receive varying payment amounts based on their filing status and income sources. Eligible individuals can receive up to $943 monthly, while couples may qualify for up to $1,415. Additional payments may be available for essential persons, with the following expected amounts upon the anticipated 2.5% COLA increase:
| SSI Benefits | Monthly Check | 2.5% COLA Increase | Additional Income |
|---|---|---|---|
| Average | $698 | $715 | $17 |
| Individuals | $943 | $967 | $24 |
| Couples | $1,415 | $1,450 | $35 |
| Essential Person | $472 | $484 | $12 |
With these updates, the SSA aims to keep beneficiaries informed and prepared for their financial needs in the coming months.