How to get SSI with cost-of-living increase in December 2024

The Cost of Living Adjustment (COLA), which is meant to counteract the impacts of inflation, is scheduled to provide Supplemental Security Income (SSI) beneficiaries in the United States with extra assistance in December 2024. As a result of this modification, SSI recipients will get higher monthly payments, giving them greater financial support throughout the course of the following year.

For people who depend on SSI benefits to cover their everyday expenses, this modification is very important. However, because of the upcoming holidays and expected payment dates, there will be some oddities in the timing of the December 2024 payments. Beneficiaries must comprehend the processing schedule and method of these payments in order to effectively manage their finances.

In this regard, it is critical that SSI recipients understand how to obtain this December Cost of Living Adjustment (COLA) and the actions they must take to guarantee they receive their benefits on time. Here are the prerequisites and instructions for doing this.

How to get the 2025 Cost of Living Adjustment with SSI in December?

December Social Security benefits will be adjusted to reflect the 2025 Cost of Living Adjustment (COLA). The COLA is intended to help recipients keep their income’s buying power in the face of inflation and assist them in adjusting to the growing cost of living. It is crucial to remember that beneficiaries must fulfill one crucial condition in order to receive these payments: their Direct Deposit must be activated.

The quickest and safest way to receive SSI is through direct deposit, which guarantees prompt, computerized payments. Those who don’t have this option enabled can experience payment delays. Beneficiaries must finish the procedure via the Social Security Administration or its web page in order to activate this modality.

Additionally, payments for that month’s SSI will be distributed sooner than normal due to the New Year’s holiday (January 1). To prevent recipients from experiencing delays because of the holidays, the January 2025 payment will be paid sooner. Recipients will be able to access their money just before the start of the new year because this payment will be made on December 31. We can therefore obtain the 2025 COLA prior to the start of the year.

Eligibility requirements to get monthly SSI

Recipients must fulfill a number of fundamental standards in order to be eligible for SSI in December and the rest of the year.There are financial requirements for Supplemental Security Income because it is meant for those with low incomes and few resources. The general prerequisites for receiving monthly SSI benefits are as follows:

1. Age and Disability: SSI is intended primarily for people over age 65, or those who are blind or disabled. Disability must be verified through a medical process administered by the Social Security Administration (SSA).
2. Limited Income: Applicants must have income that does not exceed certain limits established annually. This requirement ensures that only low-income individuals are SSI recipients.
3. Limited Resources: In addition to income, applicants must have no more than $2,000 in personal resources (or $3,000 for married couples). Resources include assets such as savings, property, or other assets.
4. United States Residency: The applicant must be a resident of the United States to qualify for SSI, and their residency status must be verified by the Social Security Administration.
5. Applying for the benefit: Applicants must file an application through the Social Security Administration. This process includes a detailed review of resources, income and other factors.

Beneficiaries start receiving monthly payments to assist them in meeting their basic needs after these conditions are satisfied and the application is approved. The Cost of Living Adjustment (COLA), which enables beneficiaries to receive a larger sum in light of the growing cost of living, is one inflation adjustment that may be applied to these payments.

Crucially, people who have inquiries concerning their eligibility or the application procedure can get more help from the Social Security Administration. Through the SSA’s web portal, beneficiaries can also check their status and get more information.

Note: Every piece of content is rigorously reviewed by our team of experienced writers and editors to ensure its accuracy. Our writers use credible sources and adhere to strict fact-checking protocols to verify all claims and data before publication. If an error is identified, we promptly correct it and strive for transparency in all updates, feel free to reach out to us via email. We appreciate your trust and support!