Radical Change in SSI Payments by 2025

The coming months will bring two radical changes for millions of beneficiaries who depend on SSI Payments to cover your living expenses. Each month, the Social Security Administration delivers five rounds of payments to beneficiaries of the Supplemental Security Income (SSI) and Retirement, Survivors, and Disability Insurance (RSDI) programs, based on the day they claimed benefits and the date of birth of the beneficiary. If you currently qualify for Social Security benefits or are eager to qualify for these federal benefits, learn more about the upcoming changes here.

Social Security announces changes to regular SSI payment schedule

November and December will have two changes to the normal schedule due to payment dates falling on weekends and holidays. Whenever this happens, the Social Security Administration reschedules these payments for the day before so that beneficiaries don’t end up on the hook financially. Therefore, according to the Social Security Payment ScheduleSSI beneficiaries will receive two advance payments, one at the end of November and one at the end of December. Below you will find the upcoming confirmed SSI payments for the latter part of the year:

As mentioned above, SSI Recipients You will receive an extra payment in November, as the first of December falls on a weekend. Likewise, in December, beneficiaries of this program will receive payment for January in advance, as the first of January is a public holiday. For this reason, SSI beneficiaries will be the first beneficiaries to receive increased SSI payments from the cost of living adjustment (COLA). This means that instead of receiving $698 in average payments, they will receive $715. To learn more about all the new SSI payments beneficiaries will receive starting December 31, see the following information:

Other Benefits That Will Impact SSI Payments and Recipients Soon

The Social Security Administration recently proposed adjustments to SSI that will prohibit reducing payments to specific food assistance recipients. Supplemental Security Income (SSI) The recipients – typically people and children who are blind, crippled or aged 65 or over and who have little or no income or resources – will be affected by this measure. Supplemental Security Insurance (SSI) helps about 7.4 million Americans pay their costs beyond Social Security.

The new law, which came into force on September 30, will no longer consider food when calculating eligibility for in-kind support and maintenance (ISM) benefits. Keep in mind that assistance for housing, food, or both, may now be considered unearned income for Supplemental Security Income (SSI) recipients, potentially resulting in decreased payments or a change in eligibility. Additionally, each person or couple’s resources must be less than $2,000 or $3,000. Cash or other assets that can be turned into cash, including stocks, bonds, real estate, bank accounts, etc., are typically mentioned here.

In addition to this change, the Social Security Administration (SSA) will also implement a new rule that could provide some relief to SSI program beneficiaries as high inflation increases food and grocery prices for all Americans. According to Thomas Foley, executive director of National Institute on DisabilitiesSSI users are among the most food insecure people in the United States. The new rule could also lead to fewer overpayments and underpayments of monthly benefits, increasing financial security and overall well-being for beneficiaries.