As November approaches, millions of Supplemental Security Income (SSI) recipients are set to receive their first payment on November 1, 2024. This is an important date as it coincides with Social Security payments for those eligible, including retirees and SSDI recipients.
In addition, SSI recipients can expect a second payment on November 29, 2024, which will be for December’s SSI benefits due to the usual December 1 payday falling on a Sunday.
Key Dates for November SSI and Social Security Payments
| Payment | Date |
|---|---|
| First SSI Payment | November 1, 2024 |
| Second SSI Payment (for Dec) | November 29, 2024 |
| First Social Security Payment | November 1, 2024 |
COLA Increase Details
The Cost-of-Living Adjustment (COLA) for 2025 will not affect the November payments. However, SSI recipients will see the COLA increase reflected in their December 31, 2024 payment, which is for January 2025. With this 2.5% boost, individuals can expect an increase in their monthly benefits:
- Up to $967 for individuals after the COLA increase.
- Married couples will receive up to $1,450.
- Essential persons (those living with SSI recipients) can receive up to $484 after the COLA adjustment.
What Does This Mean for SSI Recipients?
- November 1: A regular payment without any changes from previous months.
- November 29: An early payment for December because the first of the month is on a weekend. This date also coincides with Black Friday, which might be advantageous for holiday shopping.
- December 31: This is when the COLA-adjusted SSI payment will arrive, increasing SSI benefits for the new year.
November brings a unique situation for SSI recipients with two payments scheduled. While the first payment on November 1 is the regular amount, the second payment on November 29 is for December.
The much-anticipated COLA increase will take effect on December 31, giving SSI recipients a boost as they head into 2025. Be sure to plan accordingly, especially with the extra payment on Black Friday.
FAQs
Yes, SSI recipients will receive two payments: one on November 1 for the month of November, and one on November 29 for December’s benefits.
The COLA increase will take effect with your December 31 payment, which is for January 2025.
The COLA increase will raise the maximum SSI payment to $967 for individuals and $1,450 for eligible couples.
If you receive both benefits, you will get payments for both Social Security and SSI on November 1, 2024.
The November 29 payment is for December’s SSI benefits, issued early due to December 1 falling on a Sunday.
