Anticipation is growing as the Social Security benefit issuance dates for January 2025 approach. The Social Security Administration (SSA) follows an efficient and well-organized payment system, and the officials know that beneficiaries are waiting to receive the funds to cover their livelihood. But when will these payments be made, and what changes are coming?
New Social Security Disability Insurance (known as SSDI) payments will be issued next week, as established by the SSA in its staggered and consistent calendar. However, those waiting for Supplemental Security Income (SSI) will have to stay tuned until January 31, 2025.
Although this payment corresponds to February, it will be sent in advance, since the first day of the month will fall on a weekend. This adjustment means that the previous business day becomes the new delivery time.
The organization of SSDI and SSI payments for January 2025
The Social Security payment distribution system is methodical and conscious of the needs of beneficiaries. SSDI payments are made on different days depending on each person’s date of birth. Those born between the 11th and 20th of the month will see the deposit reflected in their accounts on January 15th. Those with birthdays after that date will have to wait until January 22 to receive their funds.
Additionally, if a beneficiary receives both SSI and SSDI, their Social Security payment will be sent on February 3, 2025. This schedule ensures that everyone has the opportunity to receive their benefits without confusion.
A Welcome Raise: 2.5% increases approved by SSA
All January payments will include a 2.5% cost of living adjustment (COLA) increase. This is an increase applied by the SSA for all benefits based on the cost of living index called CPI-W, which measures the increase in the prices of goods and services in 2024, compared to 2023.
For example, if your average payment was $575 in 2024, after adjustment, it could be approximately $589. If you were receiving $1,000 because you are married, this amount will go to $1,025. These figures are extremely relevant for beneficiaries who depend on these funds for their daily expenses. These are hypothetical amounts, of course: each individual receives an amount of money that depends on their particular characteristics and conditions.
The new maximum amounts for SSI will rise to $967 for individuals and $1,450 for eligible married couples. For their part, SSDI beneficiaries will be able to anticipate an average payment of $1,580 after this adjustment. These changes are a crucial part of financial planning for beneficiaries, who must be informed about what to expect.
If a beneficiary finds that their anticipated payment has not arrived, it is crucial to take swift action. First, they should check their bank account to ensure the payment hasn’t been deposited.
Should there be no sign of the check, reaching out to the Social Security Administration directly is advisable. They can be contacted at 1-800-772-1213 for assistance in resolving the issue.
