As of October 10, the Social Security Administration (SSA) announced the 2025 COLA increase for SSDI recipients. Even if it has been announced in October, the boost for Disability Insurance payments will not take effect until January 2025.
SSDI recipients will see how their monthly payments will get an increase of 2.5% thanks to the 2025 COLA. This COLA may not be as disability recipients wished, but it still means getting extra money.
How much money will SSDI recipients get on average?
Since the average payment for SSDI is $1,539, on average disability insurance recipients will get about $1,577. Thanks to the 2025 COLA increase, the boost will be worth $38 on average for disability insurance recipients.
The Social Security Administration will send 2.5 dollars extra for each 100 dollars you receive. That means that those disability recipients who qualify for an SSDI payment of $1,000 will get $1,025.
Therefore, SSDI recipients getting a payment worth $1,000 per month will get 25 dollars extra per month. It implies receiving $300 extra per year, which is a great deal of money if you have a shoestring budget.
Will SSDI recipients get a COLA increase on their SSI payment if eligible?
Disability Insurance recipients who have a low income may also be receiving SSI payments. SSI is the Supplemental Security Income and it is compatible with Social Security Disability Insurance.
Not only will SSDI recipients get an increase in 2025, but also SSI beneficiaries. Although the SSI boost will also be 2.5%, it may seem smaller because recipients get lower payments.
The higher your monthly payment is, the more extra dollars you will benefit from. For your information, SSI payments will increase up to 23 dollars extra per month. Check possible increases for Disability Insurance beneficiaries:
- Disability Insurance benefit payment worth $600: after COLA about $615
- Disability Insurance benefit payment worth $800: after COLA about $820
- Disability Insurance benefit payment worth $2,000: after COLA about $2,050
- Disability Insurance benefit payment worth $3,000: after COLA about $3,075