Not all SSI recipients receive the same amount of payment. Some Americans think that the Supplemental Security Income program gets funded through Social Security but that’s not the case. These payments are funded by the federal government for low-income Americans. That means the money does not come from SSA’s trust funds. You could receive a larger or smaller payment according to how you qualify.
For example, if you are an essential person, you will get up to $472. Up to $943 an individual who has a low income, few or no resources, no sight or a disability or is 65 or older can receive. And eligible marrieds can get up to $1,415 per month. None of these includes the COLA increase for 2025.
New SSI payment date for December
I just wanted you to know that all eligible beneficiaries have received their Supplemental Security Income payment in November. In fact, however, they had issued the checks and direct deposits on November 1, 2024.
But if you look at the Social Security payment schedule, you will see there is no SSI check to be had for Dec. 1. It’s not been removed; it’s just been delayed by 2 days, and it will be paid 2 days in advance.
And since SSI will be sent out on November 29, it feels like getting two or a direct deposit at the same time in the same month. It is still just the payment for December in advance, though.
Also Read: New $725 Stimulus Check Pilot Program Launches in Sacramento: Are You Eligible?
Why is there an SSI payment in late December?
Once again, the Social Security Administration will be forced to make profound changes. Payment for January 1 will not be made on a federal holiday.
Therefore, it will be issued by SSA on December 31, 324. That means Americans who are past retirement age will wait longer to see an increase in the 2025 COLA than about 7.5 million recipients will. And from December 31, 2024, these are the most SSI recipients can get here.
- Largest benefit for an essential person from December 31, 2024: $484
- Largest benefit for an individual from December 31, 2024: $967
- Largest benefit for a married couple from December 31, 2024: $1,450
Conclusion
Finally, SSI involves no trust funds from Social Security; rather, it is based on federal government funding for citizens of limited income. That means eligible recipients will get their payment in December, on November 29, to avoid a gap because of the holiday delay.
The next big bump in benefits will be in December, December 31, when the new 2025 rates will be used, with the average payments going up slightly. The adjustments will stabilize SSI recipients while the cost of living adjustment is phased in over the course of the coming year.
Also Read: December SSI Payments: How to Qualify for the Extra Boost with 2025 COLA
FAQs
Q. What are the new SSI payment amounts as of December 31, 2024?
A. In the case of an essential person, the largest benefit will be $484, for an individual, $967, and for a married couple, $1,450. The rates here are for 2025 based on updates to these amounts.
Q. When will the SSI payment for December 2024 be issued?
A. Because of a federal holiday on January 1, 2025, the SSI payment for December 2024 will be issued on November 29, 2024.
Q. Why is there an SSI payment issued in late December?
A. To help ensure that Social Security beneficiaries have no interruption in receiving their benefits, payments of the SSI payment will be made on December 31, 2024, and to accommodate the federal holiday on January 1, 2025, the SSI payment will be issued in late December.
Q. How are SSI payments funded?
A. The federal government funds SSI payments for low-income people, not from Social Security’s trust funds. The amount received can change depending on your qualifications.
Q. Will there be a Cost of Living Adjustment (COLA) for SSI payments in 2025?
A. Yes, SSI payments will receive a Cost of Living Adjustment (COLA) in 2025 that will slightly raise eligibility for average payers throughout the course of 2025.