Goodbye SSI 2024: Social Security confirms changes in Supplemental Security Income payment schedule for 2025

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Millions of recipients of Supplemental Security Income (SSI) are getting ready for big adjustments to their 2025 payment schedule. Although the 2.5% raise from the Cost of Living Adjustment (COLA) is eagerly anticipated by the majority of beneficiaries, recipients should be aware of important nuances regarding the qualifying conditions and timeframe. The goal of this October increase is to assist recipients in preserving their purchasing power in the face of growing expenses.

Since January 2025 comes on a weekend, the first payment won’t arrive on New Year’s Day. Rather, cheques reflecting the amended COLA will be sent to beneficiaries on December 31, 2024. After that, on January 3, 2025, the Social Security Administration (SSA) will start paying out regular benefit payments, which will include increases.

SSI payments in 2025

• 
  Average SSI payment
  
  : $715 per month, varying by eligibility category.
• 
  Individual beneficiaries
  
  : Up to $967 monthly.
• 
  Couples
  
  : Payments up to $1,450 monthly, meeting specific criteria.
• 
  Essential Person (EP) benefits
  
  : Additional $484 monthly, leading to a maximum of $1,451 for individuals and $1,934 for couples.
• 
  Eligibility requirements
  
  : Blindness, disability, or age 65+; U.S. citizenship or equivalent status; and low income/resources.

Income limits to qualify for ssi

The SSA considers both wages and non-wage incomes when determining eligibility. The monthly income caps are listed below:

• 
  Wage-based income
  
  : $1,971 for individuals; $2,915 for couples.
• 
  Non-wage income
  
  : $963 for individuals; $1,435 for couples.

The following sources of income are not included in these calculations:

• The first $20 of any monthly income.
• 
  SNAP benefits
  
  and income tax refunds.
• Assistance from state, local, or tribal governments.

Steps to apply for

Supplemental Security Income

benefits

Applying for SSI is simple and can be completed online via the official SSA website. Important things to keep in mind:

• Complete the application in just 5 10 minutes.
• The SSA assigns a
  
  protective filing date
  
  , ensuring payments are calculated from that date upon approval.
• Retroactive payments may be available in some cases, though this is rare.

Understanding your benefits and eligibility conditions is crucial as the Social Security Administration continues to modify its rules for 2025 in order to provide financial help for millions of Americans.

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