The Social Security Administration (SSA) has announced that eligible couples receiving Supplemental Security Income (SSI) will soon see a payment increase of up to $1,450. This adjustment comes with a 2.5% cost-of-living adjustment (COLA) for 2025, which will be paid before the year ends. Since January 1, 2025, is a holiday, these payments are scheduled to be delivered on December 29, 2024. This change will benefit many individuals and families who rely on SSI payments to support their living expenses.
Breakdown of SSI Payment Increases
The SSA’s new adjustment will vary depending on the beneficiary category. Below is a detailed breakdown of how this increase will affect different groups:
| Beneficiary Category | Current Monthly Payment | New Monthly Payment (2025 with COLA) | Increase Amount |
|---|---|---|---|
| Average Beneficiaries | $698 | $715 | $17 |
| Individuals | $943 | $967 | $24 |
| Couples | $1,415 | $1,450 | $35 |
| Essential Persons | $472 | $484 | $12 |
What to Do If Payments Are Delayed?
If your SSI payment does not arrive on time, the SSA recommends waiting at least three mailing days before contacting them. Often, delays are caused by your bank rather than the SSA. Beneficiaries can use their My Social Security account to access financial statements, track payment schedules, or request more details about their benefits.
Eligibility for SSI Benefits
SSI is a program designed to assist those with limited income and resources, especially the elderly or those with disabilities. To qualify, individuals must meet specific eligibility requirements:
- Age 65 or older, blind, or disabled.
- Very low income or no financial resources.
Unlike Social Security Disability Insurance (SSDI), SSI does not require work history, and eligibility is based solely on financial need and certain criteria.
Streamlined SSI Application Process
The SSA has introduced a new online tool called iClaim to simplify the SSI application process. It will feature easier and clearer questions, making it quicker for eligible individuals to apply for benefits.
- Phase One (2024): Available to first-time applicants between 18-65 who have never been married and are applying for both SSI and Social Security benefits.
- Phase Two (2025): This will extend the system to more applicants.
Key Differences Between SSDI and SSI
While both SSI and SSDI provide financial assistance, there are key differences:
| Feature | SSI | SSDI |
|---|---|---|
| Eligibility Criteria | Age, disability, limited income | Disability and work credits |
| Health Benefits | Medicaid (most states) | Medicare (after 24 months of benefits) |
| Funding Source | Federal income taxes | Social Security payroll taxes |
| Work History Requirement | Not required | Required |
FAQs
1. When will couples receive the increased SSI payment?
Couples will receive the new adjusted payment on December 29, 2024, due to January 1 being a holiday.
2. What should I do if I don’t receive my SSI payment on time?
Wait at least three mailing days before contacting the SSA. Delays are usually due to bank processing.
3. Can I apply for SSI benefits online?
Yes, the SSA has introduced iClaim, an online tool to make the application process quicker and easier.
4. How will the 2025 COLA increase affect my payment?
The 2.5% increase will raise monthly payments for individuals, couples, and other beneficiaries depending on their category.
5. Are there any new changes to SSI applications?
Yes, the SSA has rolled out a faster and clearer online application system called iClaim, aimed at simplifying the process.
