Two big changes are coming in the next few months for the millions of people who depend on SSI funds to pay their bills.
The Social Security Administration sends five rounds of payments to people who get Supplemental Security Income (SSI) and retirement, survivor, and disability insurance (RSDI) every month.
The payments are based on the beneficiary’s birth date and the day they requested benefits. You can find out more about the future changes here if you are currently getting Social Security benefits or are looking forward to getting these federal benefits.
Social Security announces changes in the regular schedule for SSI payments
We will have to make two changes to the usual schedule in November and December because payment dates fall on weekends and holidays.
When this happens, the Social Security Administration moves those payouts to the day before so that beneficiaries do not lose their money.
So, SSI recipients will get two payments early, one at the end of November and the other at the end of December, according to the Social Security payment plan. Here are the SSI payments that have been guaranteed for the rest of the year:
| SSI payments | SSI payments date | Advanced payment |
| October | October 1st | – |
| November | November 1st | November 29th (December 1st) |
| December | – | December 31st (January 1st) |
As was already said, people who get SSI will get an extra payment in November because December 1 is a weekend. In the same way, people who get money from this program in December will get their January payment early because January 1 is a holiday.
Because of this, people who get SSI will be the first to get the extra money from the cost of living adjustment (COLA). For them, this means that they will get $715 instead of $698 each month.
For more information on all the new SSI payouts that people will start getting on December 31, please see the links below:
| SSI benefits | Social Security checks | 2.57% COLA increase | 2.63% COLA increase |
| On average | $698 | $716 | $716 |
| Individuals | $943 | $967 | $968 |
| Couples | $1,415 | $1,451 | $1,452 |
| Essential person | $472 | $484 | $484 |
Other benefits that will impact SSI payments and beneficiaries soon
The Social Security Administration recently suggested changes to SSI that will make it illegal to cut food assistance payments to certain people.
Those who get Supplemental Security Income (SSI), which is usually given to blind, disabled, or 65+ years old people who do not have much or any money, will be affected by this change.
Supplemental Security Income (SSI) helps about 7.4 million Americans pay their bills on top of what they get from Social Security.
After the new law went into effect on September 30, food will no longer be taken into account when figuring out who can get in-kind support and maintenance (ISM) payments.
Keep in mind that help with housing, food, or both may now be seen as unearned income for people who get Supplemental Security Income (SSI).
This could mean that their payments go down or their status changes. The resources of each person or pair must also be less than $2,000 or $3,000.
This usually refers to cash or things that can be turned into cash, like stocks, bonds, real estate, bank accounts, and so on.
Along with this change, the Social Security Administration (SSA) will also put in place a new rule that may help SSI recipients, since high inflation makes food and shopping prices go up for everyone.
Thomas Foley, executive head of the National Disability Institute, says that people who get SSI are some of the least likely to have food in the United States.
The new rule might also mean that monthly benefits are paid out more accurately, protecting recipients’ finances and improving their health.
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