Do you get payments from SSI or SSDI? You should know about the latest changes the Social Security Administration (SSA) has made and how they might affect you on this page.
2 Very Big SSI & SSDI Changes
The Social Security Administration (SSA) recently said that the payment plans for Supplemental Security Income (SSI) and Social Security Disability Insurance (SSDI) will change in two big ways.
These changes are meant to make sure that payments are made on time, even on holidays and weekends when payment times aren’t observed.
Key Changes
Change 1: Early Payment for SSI Recipients
Starting in September 2024, people who get SSI will get their money a day early. Paid days will be August 30 and September 1, 2024, because September 1 is a Sunday. This change makes sure that people who are supposed to get money don’t have to wait because of the weekend.
Change 2: Rescheduled Payments Due to Holidays
Another important change has to do with payments for the Labor Day holiday on September 2, 2024. To keep things from getting behind, payments will not be made on Labor Day. They will be sent out the next business day instead.
People whose birthdays are between the 1st and 10th of the month will be affected by this change the most, making sure they get their payments on time.
Impact on Recipients
Positive Impact
In general, these changes are good because they keep transfers from being held up, so people get their money when they need it.
People who depend on their SSI benefits to pay for things like rent, food, and medical care will benefit the most from the early payment in August.
Considerations
Even though these changes will help make sure payments are made on time, it’s important to remember that they are not new payments; they are just changing the ones that were already due.
People who are getting paid should plan their finances properly, since the August payment will come early and the September payment will come soon after.
Detailed Payment Schedule
August 2024
- SSI Recipients: Payment on August 30, 2024, instead of September 1, 2024.
- Other Social Security Benefits: Payments on the regular date of August 7, 2024.
September 2024
- Retirees and SSDI Recipients: Payments will be issued on the 14th, 21st, and 28th of August 2024, avoiding delays due to the Labor Day holiday.
Maximum Benefit Eligibility
In the future, some people who get Social Security may be able to get the highest amount of $4,873 in July 2024. For people to be eligible for this amount, they must have:
- Worked for 35 years in jobs covered by Social Security.
- Filed for benefits at age 70.
For those meeting these criteria, the large payment will be made on July 24, 2024.
Also See:- SSDI & SSI Huge Changes Confirmed for Disability Beneficiaries
Summary
SSI and SSDI payments are very important for many Americans, especially low-income seniors, disabled people, and children.
The SSA changes the payment schedule so that people who get benefits get them on time, even when holidays and weekends fall on normal payment times.
Important Payment Dates:
- August 1, 2024: Regular SSI payment.
- August 30, 2024: Early SSI payment for September.
- July 24, 2024: Maximum benefit payment for eligible recipients.
Stay informed and plan your finances accordingly to make the most of these scheduled changes.
FAQs
When do I now get my SSI and SSDI payments?
September 1, 2024, instead of August 30, 2024, and changed the dates of payouts to fall around Labor Day.
This September 2024, why are SSI payouts coming early?
Since September 1 is a Sunday, the bill was paid early on August 30.
What changes with SSDI benefits on Labor Day?
Payments that were supposed to be made around Labor Day will be sent out the next business day.
How much is the most you can get from Social Security in 2024?
People who qualify can get up to $4,873 if they meet certain requirements.
What should I do to get ready for these changes?
Make changes to your budget so that you can expect August payments to come early, but that other payments will come right after.