The Supplemental Security Income (SSI) program, which provides crucial financial assistance to low-income individuals with limited resources, is set to see a modest increase before Social Security benefits are adjusted. Here’s everything you need to know about the upcoming changes.
Early SSI Payments in December
SSI payments are typically disbursed on the first day of each month. However, when the first falls on a weekend or federal holiday, the Social Security Administration (SSA) issues payments on the preceding business day. This year, recipients will receive their January 2025 SSI payments on December 31, 2024, because New Year’s Day is not a business day.
This early payment will provide much-needed financial relief for recipients who may have depleted their resources by the end of December.
How Much Will SSI Benefits Increase?
The 2025 Cost-of-Living Adjustment (COLA) will bring an average increase of $17 per month for SSI beneficiaries. While this increase is modest compared to the estimated $50 monthly increase for Social Security retirement beneficiaries, it represents an essential boost for low-income individuals relying on SSI to cover basic needs.
New Monthly Payment Amounts After 2025 COLA:
- Individuals: Up to $967 (up from $943)
- Eligible married couples: Up to $1,450 (up from $1,415)
- Essential persons: Up to $484 (up from $472)
Understanding SSI Benefits
SSI is a federally funded program designed as a financial supplement rather than a primary income source. Many recipients do not qualify for the maximum payment, as their benefits are adjusted based on other income or living arrangements.
Key features of SSI include:
Advance Payments: SSI may be issued twice a month when the first of the following month falls on a weekend or holiday.
Eligibility for Non-Citizens: Some non-citizens can qualify, provided they meet specific SSA criteria.
Compatibility with Other Benefits: Recipients may collect SSI alongside Social Security or SNAP benefits.
Why the Increase Matters
For SSI recipients, even a modest increase can provide critical support. The additional funds, arriving ahead of schedule, can help retirees or low-income individuals cover essential expenses as they enter the new year.
For more information on eligibility and benefit updates, visit the Social Security Administration’s website or consult local SSA offices.