The next SSI payment will happen on December 31, 2024, but not everyone will receive it. To qualify, you must have already filed and received Social Security’s approval. To meet the requirements, you need to have a low income and few or no resources. The payment will only go to those who are at least 65 years old, or those with a disability or blindness. In some cases, children with a qualifying disability may also qualify.
Who Will Receive SSI Payments on December 31, 2024?
The SSI payment on December 31 will be the only one for the year. Unlike regular Social Security payments, which are issued on different dates depending on when you started collecting or your birth date, SSI payments are not spread out. You’ll receive the December 31 payment if you meet all the requirements mentioned earlier.
However, if you no longer qualify for SSI due to having too much income, too many resources, or having overcome your disability, you will not get the December 31 payment.
| Eligibility Criteria | Amount for December 31, 2024 Payment | 2025 COLA Adjustment |
|---|---|---|
| Individual | $967 (up from $943) | 2.5% Increase |
| Married Couple | $1,450 (up from $1,415) | 2.5% Increase |
| Essential Person | $484 (up from $472) | 2.5% Increase |
| Payment Date | December 31, 2024 | Includes 2025 COLA |
| Eligibility Requirements | Low income, few resources, at least 65 years old, or disability | 2.5% increase applied to all eligible payments |
Increased SSI Payment Amounts for December 31, 2024 with the 2025 COLA
The December 31 payment will include a boost due to the cost-of-living adjustment (COLA) for 2025. The Social Security Administration (SSA) confirmed that there will be a 2.5% increase in the 2025 COLA. While this increase is lower than the 2024 COLA, it still brings welcome relief for those depending on SSI payments.
- Individuals: The new maximum for an individual receiving SSI will be $967, up from $943. This increase is part of the 2025 COLA adjustment.
- Married Couples: Eligible married couples will get up to $1,450, an increase from $1,415, thanks to the 2025 COLA.
- Essential Persons: Payments for essential persons will increase to $484, up from $472, due to the 2025 COLA.
This 2025 COLA increase is beneficial for those with the lowest incomes, helping them meet their needs more effectively.
Conclusion
If you qualify for SSI, the December 31 payment will include a small increase in the amount you receive, due to the 2025 COLA adjustment. The 2.5% boost is lower than in previous years, but it still offers much-needed relief. The 2025 COLA increase will apply to both individuals and couples, helping those with the lowest incomes. Make sure to review your eligibility and ensure that you meet the necessary requirements to receive the payment.
FAQ’s
Who qualifies for the SSI payment on December 31, 2024?
Only those who are 65 years or older, have a disability or are blind, and meet the low-income criteria will receive the payment.
What is the SSI maximum payment increase for December 31, 2024?
The maximum payment for an individual will increase to $967, and married couples will receive up to $1,450, both reflecting the 2025 COLA increase.
When will SSI recipients get their payment?
The next SSI payment will be issued on December 31, 2024, and it will include the 2025 COLA increase.