If you are an SSDI recipient, you can receive an average payment of about $1,537. That is the latest average payment unveiled by the Social Security Administration back in July 2024. However, those workers with a disability who were high-earners for almost 4 decades may get a larger payment amount.
In fact, the mid and late payments in August can be up to $3,822. That is the maximum Disability Insurance amount in 2024. If there is a COLA increase in 2025, which is very likely, that maximum amount will go up in January 2025.
Who can receive an SSDI payment in August?
If you started receiving Disability Insurance benefits after April 30, 1997, you may qualify for one of the Wednesday payments. The thing is you must meet the birth date requirement to get one or another. This payment is not for those on Supplemental Security Income.
Those SSDI recipients whose birthday is from the first day up to the tenth of any month will receive the first round of Wednesday payments on August 14. If your birth date is after that, you have two possible paydays, but you can only get one of them.
August 21 will be your SSDI payday if you were born after the 10th and before the 21st. If you are on Disability Insurance, but did not qualify for any of the previous payments, then your birthday is from 21-31 and your payment of up to $3,822 on August 28.
Who can receive $3,822 on August 14, 21 or 28?
To get $3,822 from Social Security you must have achieved all the essential requirements first. Bear in mind that just a small percentage of SSDI recipients can get so much money. Average and lower-than-average payments are frequent.
In the first place, you must have worked for a minimum of thirty-five years. Secondly, you must have paid taxes to Social Security in the jobs you had. Those jobs which do not pay payroll taxes and are not covered by SSA may get pensions instead, but not SSDI.
What is more, you must have gotten the taxable maximum (168,600 in 2024) for 35 years. The last requirement to mention is the age you file for Social Security. If you file early for SSDI, you are not eligible. Applicants need to apply as late as SSA allows to qualify for a check worth $3,822.