According to the Social Security Administration’s benefit payment schedule for 2024, the month of July includes several important dates for beneficiaries. The SSA ensures that charities receive their payments on time and can plan their finances properly, knowing that the payment will always arrive on time.
For July 2024, the payment dates start on the second Wednesday, which corresponds to July 10; the third Wednesday, which is July 17; and the fourth Wednesday, which is July 24.
These dates are determined based on the beneficiary’s date of birth. Specifically, if your date of birth falls between the 1st and the 10th of the month, you will receive your payment on the second Wednesday of the month. If your date of birth falls between the 11th and the 20th of the month, you will receive your payment on the third Wednesday of the month. Finally, if your date of birth falls between the 21st and the 31st of the month, you will receive your payment on the fourth Wednesday of the month.
As for the Supplemental Security Income (SSI) payments for July 2024, they were scheduled to be made on July 1, meaning that since the recipients of these payments are no longer waiting for more money, until August 1. This payment date applies universally to all SSI recipients, regardless of their date of birth.
Social Security Disability Insurance (SSDI) payments follow the same schedule as retirement benefits, which are distributed based on the beneficiary’s date of birth. Therefore, SSDI recipients will receive their payments on July 10, 17 or 24, depending on their date of birth.
Who Qualifies for Supplemental Security Income?
First of all, the Supplemental Security Income (SSI) is a federal program designed to provide financial assistance to people with limited income and resources. This program is especially aimed at helping the elderly, blind and disabled.
Unlike Social Security benefits, which are based on previous income, SSI benefits are based on need. To qualify for SSI, you must be 65 or older, blind or disabled, have limited income and resources, and be a U.S. citizen or national, or belong to certain categories of non-citizens.
If You Have a Disability, You Can Apply for SSDI
The Social Security Disability Insurance (SSDI) provides benefits to disabled people who have previously worked and contributed to the Social Security system.
SSDI is funded through payroll taxes, and eligibility is based on having a sufficient work history and having paid Social Security taxes.
To qualify for SSDI, you must have a medical condition that meets the Social Security definition of disability, have worked long enough and recently under Social Security, and generally need to earn enough “work credits,” which are accrued through employment and paying Social Security taxes.
What About Social Security Retirement Benefits?
Social Security retirement benefits provide a source of income for people who have retired from work. These benefits are based on the individual’s income history and the amount of Social Security taxes paid during his or her working life. Benefits can start as early as age 62, but the full retirement age varies depending on the year of birth.
To qualify for retirement benefits, you must have earned enough Social Security credits through work, which usually requires at least 10 years of work (40 credits). Benefits can start at age 62, but the full retirement age is between 66 and 67, depending on the year of birth.
Retirement benefits, similarly distributed based on the beneficiary’s date of birth, follow the same payment schedule as SSDI. This alignment simplifies the process for those who receive multiple types of Social Security benefits.
