In December, many Social Security beneficiaries in the United States are set to receive an additional Supplemental Security Income (SSI) payment. However, not everyone qualifies for this early payment, and understanding the eligibility criteria is essential to know if you’re among those who will benefit.
Why the Extra SSI Payment in December?
Due to an irregularity in the payment schedule, the Social Security Administration (SSA) issued the SSI payment for January 1st earlier—on December 31st. Since January 1st is a federal holiday, payments are advanced to the last business day of December to ensure beneficiaries have timely access to their funds. This early payment also includes the 2024 Cost of Living Adjustment (COLA), increasing the maximum SSI amount from $943 to $967.
Who Is Not Eligible for the December 31 Payment?
While this extra payment is a relief for many, certain groups of Americans will not qualify to receive it on December 31. Here’s who is excluded:
Applicants with Pending SSI Claims
If your SSI application is still under review or has not been approved by December 31, you will not receive the early payment.
Residents Under 65 Without a Disability
SSI is primarily designed for individuals aged 65 or older or those with a qualifying disability. Younger individuals without a disability are ineligible for this benefit.
Beneficiaries Without Direct Deposit
To receive the payment on December 31, beneficiaries must have Direct Deposit set up. Those relying on other payment methods may experience delays.
Eligibility Requirements for the December 31 Payment
To receive the December 31 SSI payment, beneficiaries must meet the following conditions:
Direct Deposit Activation
Payments are processed faster with Direct Deposit. Without it, you may receive your payment several days later.
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Approved SSI Benefits
Your SSI application must be fully approved before the December payment date.
Plan Ahead for Financial Relief
If you meet all the requirements, you’ll enjoy an early start to the new year with the extra SSI payment in hand. This early payment can be a critical financial boost during the holiday season.
Remember, this December 31 payment actually belongs to January 2024 and will include the increased COLA rate, reflecting the cost-of-living adjustment for the new year. For the remaining months of 2024, the adjusted maximum SSI amount of $967 will continue to apply.
Understanding these details ensures that you’re prepared to make the most of your SSI benefits and avoid surprises with your payment schedule.
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