The month of December The Social Security Administration (SSA) will make a double payment for beneficiaries of the Supplemental Security Income (SSI) program. Do you know when they will be done and what is due? In this note I explain it to you.
He federal program provides monthly payments to adults and children with disabilities or blindness who have income and resources below specified financial limits. Likewise, make payments to people 65 years or older without disabilities who have low economic income (salaries, pension, resources).
WHY WILL THERE BE A DOUBLE SSI PAYMENT IN DECEMBER?
Beneficiaries of the Supplemental Security Income program will receive two payments in the month of December, in accordance with the 2023 calendar of the Social Security Administration (SSA).
- First payment : Friday December 1
- Second payment: Friday December 29
The first payment corresponds to the month of December 2023 and the second to January 2024, which will come with the 3.2% increase due to the Cost of Living Adjustment (COLA) for the year 2024. But why pay the December payment? January? The decision is due to the fact that, although the payment must be made on the first day of each month, when the date falls on a weekend or holiday, the deposit or sending of the check will be made before the month to be paid begins, as It will happen in January. Therefore, the contribution will be made earlier: December 29.
WHAT ARE THE AMOUNTS THAT EACH TYPE OF SSI BENEFICIARY RECEIVES?
As the amounts that the beneficiaries of the program will receive, according to the SSA.
December 2023
- Single person: US$914
- Couple: US$1,371
- Essential people: US$458.
January 2024
- Individual Average Payments: US$943
- Average payments per couple: US$1,415
- Essential people: US$473.
WHAT ARE THE SSI PAYMENT METHODS?
SSI payments are electronic and there are two ways to receive the money:
- Direct deposit into bank account: It is the simple and secure way to receive your payments. You must contact your bank or contact SSI to receive payment.
- Direct Express Debit Card Program: It is made through the Direct Express card, where payments are deposited according to the schedule. You must contact the Treasury Department at 1-800-333-1795 or register Web way.