When you open your account at the end of February 2025, you will have a juicier deposit than normal, and there was a significant increase this year. Social Security is about to give your pocket a break, and this applies regardless of whether you live in Miami, Alaska or any corner of the United States.
The Social Security Administration (SSA) applies the so-called COLA, that adjustment that fights inflation, is active and ready to do magic with your payments. But don’t worry, it’s not a joke: we will explain it to you without further complications.
Basically, the aforementioned increase raises payments so that you do not lose purchasing power against inflation and the increase in prices of goods and services.
Bigger checks and an unexpected “bonus”
Remember that every month, the SSA makes several rounds of payments to Social Security beneficiaries, both for retirees and other beneficiaries such as those who receive Supplemental Security Income (SSI) and disability benefits (SSDI).
At this point in the month, two payments have already been sent: on Wednesday, February 12, deposits were sent for those retirees whose birthdays are between the 1st and 10th of any month. The second group, which are those who turn their birthday between the 11th and 20th of any month, who received their money on Wednesday, February 19.
There is a third group of this category of beneficiaries who are those who turn after the 21st of any month, and their magic date is Wednesday, February 26.
Now, some are saying that there is an unexpected “bonus” that has generated debates in Social Security recipient forums. The issue is that the Supplemental Security Income (SSI) payment corresponding to the month of March was advanced.
Typically, the SSI payment is sent out on the 1st of each month, but in this case the payment was moved up to Friday, February 28 because the 1st is a weekend, and SSA does not send payments on weekends or holidays.
Now, the extra that has everyone talking: some could see up to $1,450
First, SSI is for people over 65 and with limited resources. If you meet those requirements, the extra payment could arrive without you doing anything. But if you’re not sure, check your status or call the Social Security Administration.
Oh, and don’t forget: this money is to help with basic expenses, like medicine, food, or rent. So if it comes to you, use it wisely and buy nutritious foods, or make payments towards your daily living costs.
The amounts that the beneficiaries will receive
Each recipient receives a different amount based on their conditions and characteristics of the savings they made during their working years (in the case of retirement payments), or based on needs, income, assets, medical conditions and other variables in the case of SSI.
For retirees, the maximum possible to receive in the month of February is $5,108, and those who receive SSI can obtain a maximum of $967 (individual), $1,450 (couples), and $484 (essential person payment).
