The Social Security Administration (SSA) provides disability benefits to over 55 million disabled workers across the nation. If you’re a recipient of these benefits, knowing when your payment will arrive is crucial. For June 2024, there’s a slight change in the schedule due to a federal holiday. Here’s what you need to know.
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SSDI Payment Schedule
According to the Social Security payment schedule, the next disability benefit payment will be mailed on June 12 for those who applied for benefits before May 2007 and were born between the 1st and 10th of the month. This month, the schedule has been adjusted because the second Wednesday coincides with a federal holiday.
Key Dates
Due to the federal holiday on June 19, millions of SSDI beneficiaries will receive their payments on June 18 instead of the usual date. Here’s the breakdown for June:
- June 3 (Monday): SSDI beneficiaries who claimed benefits before 1997.
- June 12 (Wednesday): SSDI beneficiaries who claimed benefits after 1997 and were born between the 1st and the 10th.
- June 18 (Tuesday): SSDI beneficiaries who claimed benefits after 1997 and were born between the 11th and the 20th.
- June 26 (Wednesday): SSDI beneficiaries who claimed benefits after 1997 and were born between the 21st and the 31st.
For a detailed understanding of the payment dates, reviewing the 2024 Disability Benefit Payment Schedule is highly recommended.
SSDI
Social Security Disability Insurance (SSDI) is a federal program that provides monthly disability benefits to millions of disabled individuals. These individuals have previously worked and paid Social Security taxes. SSDI is designed to assist those who can no longer work due to a disability, ensuring they have some income to support themselves and their families.
Qualifying for SSDI
To qualify for SSDI, you need to have worked and paid Social Security taxes. Unlike Supplemental Security Income (SSI), SSDI is based on your work history and contributions to the Social Security trust fund. The program aims to replace some of the income lost due to disability, but often the monthly checks aren’t sufficient to cover all expenses. Therefore, having additional income sources is advisable.
SSDI Payment Amounts
Every month, the SSA distributes payments to millions of disabled Americans. The average disability benefit is about $1,537 per month, while blind recipients can receive up to $2,590. Those who have contributed the maximum taxable earnings might qualify for the highest benefit amount of $3,822.
In addition to these amounts, SSDI beneficiaries receive an annual Cost of Living Adjustment (COLA), which helps adjust benefits according to inflation. For 2024, the COLA is set at 3.2%. However, projections for 2025 estimate the COLA to range between 2.6% and 3.2%. Here’s a look at potential 2025 payments with a 3.2% COLA:
| SSDI Direct Payment | Payment in 2024 | Including COLA 2025 |
|---|---|---|
| On average | $1,500 | $1,548 |
| Blind recipient | $2,590 | $2,672 |
| Maximum payment | $3,822 | $3,944 |
This adjustment ensures that SSDI recipients maintain their purchasing power despite inflation.
FAQs
When will the SSDI payments be sent in June 2024?
SSDI payments will be sent on June 3, June 12, June 18, and June 26, depending on when beneficiaries applied and their birth dates.
How can I qualify for SSDI benefits?
To qualify for SSDI, you must have worked, paid Social Security taxes, and meet the SSA’s definition of disability.
What is the average SSDI payment?
The average SSDI payment is approximately $1,537 per month.
How does the COLA affect SSDI payments?
The COLA adjusts SSDI payments to account for inflation. For 2024, the COLA is set at 3.2%, which means the average payment.
Why was the SSDI payment date changed in June?
The payment date was adjusted due to the federal holiday on June 19. Payments scheduled for that day will instead be made on June 18.