Not all SSI recipients receive the same payment amount. Although some Americans believe that the Supplemental Security Income program is funded by Social Security, it is not. The Federal Government funds these payments for low-income Americans. So, the money does not come from SSA’s Trust Funds. Depending on the way you qualify you can receive a larger or smaller payment.
For example, if you are an essential person, you can only get up to $472. An individual who has a low income, little or no resources, is either blind, has a disability or at least 65 can get up to $943. While eligible married couples can get a monthly payment of up to $1,415. None of these amounts include the 2025 COLA increase.
New SSI payment date for December
For your information, all eligible beneficiaries have gotten their Supplemental Security Income benefit payment in November. Actually, the checks and direct deposits were issued on November 1, 2024.
However, if you pay close attention to the Social Security payment schedule, there is no SSI check set for December 1. The payment has not been removed, it has simply been rescheduled and it will be issued 2 days in advance.
Since SSI will be sent on November 29, it feels like getting 2 checks or direct deposit during the same month. Nevertheless, it is just the payment for December ahead of schedule.
Why is there an SSI payment in late December?
Once more, the Social Security Administration will have to make important changes. The Supplemental Security Income payment for January 1 cannot be issued on a Federal Holiday.
Hence, SSA will issue it on December 31, 2024. It implies that about 7.5 million recipients will get the 2025 COLA increase before millions of American retirees do so. Here are the maximum amounts SSI recipients will get from December 31, 2024.
- 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