A vital program for the elderly, disabled, and low-income families in the United States, Supplemental Security Income (SSI) will modify its payment schedule effective December 2024.
The payment that was originally planned on the first day of the month will now take place on November 29, 2024, according to the Social Security Administration (SSA).
Because December 1st comes on a Sunday, which is not a day on which federal payments are processed, this modification has been made.
A major Social Security change announced for December will affect SSI beneficiaries
A rule from the Social Security Administration says that if a payment day falls on a holiday or weekend, it has to be moved to the business day before. This change is meant to make sure that people who are supposed to get money can get it right away.
People who choose electronic methods, like direct deposit, will get their money on time. People who use the old ways, on the other hand, may experience small delays.
Some beneficiaries, especially those who are used to getting payments on time, may get confused by this change. SSA has made sure that beneficiaries are ready for this change by sharing a lot of information about it on its website and in educational materials.
We moved the SSI payment to November 29 because December 1, 2024, is a Sunday. Social Security rules say that SSI benefits are not given on weekends or holidays.
In this case, the payment must be made on the last business day of the previous month so that the recipients get their money without any delays.
It is important to note that this is not an exception; it is how the SSA usually avoids delays in delivering benefits. Beneficiaries should pay close attention to these kinds of changes, especially in December when there is a lot going on in the world of money.
How much will be the maximum SSI payment in 2024?
The highest amount of SSI a person can get in 2024 depends on their situation. The Social Security Administration says that single people can get up to $914 a month and couples can get up to $1,371.
The cost-of-living adjustment (COLA) changes these amounts every year. In 2024, it was 3.2%, which shows that the cost of living is going up.
If the beneficiary lives with other people who make money every day, where they live, and whether they have extra income, the amount may change. SSA regularly recalculates these criteria to make sure that everyone gets an equal share.
How will beneficiaries receive their Social Security payment in November?
In November, SSI payments will be sent to beneficiaries according to the same schedule and method used by Social Security. If you choose direct deposit, the money will be in your bank account on November 29, 2024.
For those who use paper checks or prepaid cards, on the other hand, there may be small delays because of things like the time it takes for the mail to deliver checks.
Beneficiaries should check their bank accounts or other approved channels on the same day to see if the money is available.
They can check their payment history and ask questions about their benefits through the my Social Security interface, or if they have any other questions, they can call SSA directly.
If your SSI payment is not received on the scheduled date, what will happen?
SSA advises the following actions to be taken if a recipient does not receive their SSI payment on the appointed date:
- To confirm the deposit, review the selected bank account or payment method.
- Access payment history using the my Social Security portal.
- To resolve any concerns, contact the Social Security Administration’s official helpline or visit a local office. (SSA; official recommendations).
- It is critical to act swiftly to minimize financial difficulties, especially during a month when many people confront unexpected bills.
