SSI Payment of $967 with 2025 COLA Boost Delayed – New Payday Announced

About 7.5 million Americans receiving Supplemental Security Income (SSI) are eager to learn when the 2025 cost-of-living adjustment (COLA) will affect their payments. The 2.5% COLA boost will raise individual benefits from $943 to $967 in late 2024. Here’s a detailed breakdown of the changes and how they will impact payments.

Payments

Typically, SSI payments are issued on the first day of the month. However, due to January 1, 2025, being a federal holiday, the adjusted payments will be made on December 31, 2024. This ensures recipients get their benefits on time, reflecting the COLA increase without delay.

Payment Amounts

For individual recipients, the maximum SSI payment will rise from $943 to $967. This increase of $24 accounts for the 2.5% COLA adjustment. Other payment amounts will also increase, depending on the recipient’s original monthly benefit.

COLA

The COLA adjustment adds a small percentage to each SSI payment. Here’s a quick overview of the extra money recipients can expect:

New $3,089 Social Security Payment – For Senior Couples on Benefits Announced

Current SSI Payment	Extra Amount After COLA	New Payment Total
$100	$2.50	$102.50
$200	$5	$205
$300	$7.50	$307.50
$400	$10	$410
$500	$12.50	$512.50
$600	$15	$615
$700	$17.50	$717.50
$800	$20	$820
$1,000	$25	$1,025

Maximum Payments

Some recipients may qualify for payments higher than $967. For example:

• Eligible Married Couples: The maximum payment will rise from $1,415 to $1,450, an increase of $35.
• Essential Persons: An essential person who provides necessary care will see payments rise from $472 to $484, an increase of $12.

Who Qualifies

SSI is designed to assist individuals with limited income and resources. To qualify, you must meet at least one of the following criteria:

1. Be 65 or Older: Age-based eligibility ensures older adults with low income can access financial support.
2. Have a Disability: Individuals unable to work due to a disability may qualify for SSI.
3. Be Blind: Blind individuals with low income are eligible for these payments.

Benefits

SSI serves as a valuable supplement for those receiving low Social Security checks, whether from retirement benefits or SSDI (Social Security Disability Insurance). It ensures that individuals with limited resources still receive essential financial support.

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