The Social Security Disability Insurance (SSDI) program recently announced a small but significant change to their payment schedule for June. Recipients of SSDI will receive their monthly benefits a day earlier than usual.
If your birthday falls between the 11th and 20th, this change affects you directly. It’s important to remember that your monthly SSDI benefits already include a cost of living adjustment (COLA), which is updated annually to help Americans cope with increasing living expenses.
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Importance of SSDI Benefits
For over 60 years, SSDI benefits have been a lifeline for workers and their families, helping to replace lost income due to disability. The growing number of women in the workforce and aging baby boomers reaching the age of disability are key factors driving the increased demand for these benefits.
SSDI provides essential financial support for millions of disabled individuals, helping cover costs such as housing, healthcare, daily expenses, entertainment, debt repayment, taxes, travel, and hobbies.
Eligibility
To be eligible for SSDI benefits, you must have worked and paid Social Security taxes. The program is designed to partially replace the income lost due to a severe medical condition that prevents you from working. According to the Social Security Act, a disability is defined as a severe medical condition that has lasted, or is expected to last, at least one year or result in death.
New SSDI Payment Schedule
This month, Social Security will issue payments on slightly adjusted dates due to the Juneteenth National Independence Day holiday on June 19th. Here’s the updated payment schedule for June:
- June 3rd (Monday): Payments for those who claimed SSDI before 1997.
- June 12th (Wednesday): Payments for those born between the 1st and 10th.
- June 18th (Tuesday): Payments for those born between the 11th and 20th.
- June 26th (Wednesday): Payments for those born between the 21st and 31st.
If you don’t receive your payment on the expected date, the Social Security Administration (SSA) advises waiting at least three mailing days before contacting them.
Future SSDI Payments
Social Security recipients can look forward to an estimated 3.2% increase in their monthly benefits next year, based on COLA predictions. This adjustment aims to help beneficiaries keep up with inflation. Despite this increase, many recipients feel that their monthly expenses are not fully covered by these adjustments.
Furthermore, financial experts warn that the Social Security trust funds could be depleted by 2033, potentially jeopardizing future benefits. If approved, the new Social Security check amounts for 2025 will reflect the 3.2% COLA increase.
Here’s a quick overview of the projected SSDI payment amounts with the COLA increase:
| Social Security Payment | Check Amounts in 2024 | Check Amounts (COLA 2025) |
|---|---|---|
| On Average | $1,900 | $1,960 |
| Age 62 | $2,710 | $2,796 |
| Age 67 | $3,822 | $3,944 |
| Age 70 | $4,873 | $5,028 |
These adjustments aim to ensure that Social Security benefits remain a crucial support for those who rely on them.
FAQs
Why is there a change in the SSDI payment date for June?
The payment date was adjusted because Juneteenth National Independence Day falls on 19th, resulting in payments being issued a day earlier on June 18th.
What is the cost of living adjustment (COLA)?
COLA is an annual adjustment to Social Security benefits designed to help recipients keep pace with inflation and rising living costs.
How can I confirm my new SSDI payment date?
You can check the updated payment schedule on the official Social Security Administration website or contact the SSA directly for confirmation.
What should I do if I don’t receive my SSDI payment on the scheduled date?
If your payment doesn’t arrive on the expected date, wait at least three mailing days before contacting the Social Security Administration.
Will Social Security benefits increase next year?
Yes, benefits are expected to increase by approximately 3.2% in 2025 due to the cost of living adjustment (COLA).
