This December brings a noteworthy financial event for beneficiaries of the Supplemental Security Income (SSI) program, that help millions in the United States. Departing from the usual monthly disbursement, SSI recipients can anticipate two payments this month: one scheduled for Friday, December 1st, and another on Friday, December 29th.
While the prospect of two SSI checks in December may initially suggest an unexpected windfall, it’s actually a strategic initiative by the Social Security Administration (SSA). The SSA is expediting the release of benefits earmarked for January 2024.
Why Will I Get Two Social Security Checks in December 2023?
Typically, the SSA issues SSI checks on the first day of each month. However, when this coincides with a weekend or a federal holiday, the disbursement is moved to the closest preceding working day. Given the recognition of New Year’s Day as a holiday and the weekend placement of December 30th and 31st, the first SSI payment for 2024 is scheduled for Friday, December 29th.
Designed primarily for Americans with monthly earnings below $1,913, the SSI program also factors in the value of additional resources, such as vehicles or funds in a bank account, which must not exceed $2,000. For a deeper understanding of the eligibility criteria, a comprehensive guide is available on the official SSA website.
Maximum Social Security Allotments
In 2023, the maximum monthly SSI allowance stands at $914 for individuals and $1,371 for couples. However, an essential adjustment called the Cost-of-Living Adjustment (COLA) is on the horizon for the upcoming year.
This adjustment, implemented to counteract inflation’s effects, is poised to increase the size of SSI checks by an impressive 3.2%. The augmentation is set to take effect with the December payout, offering recipients a significant boost in financial support.
What to Do If My Social Security Payments Are Delayed
If your Social Security payments are delayed, address the issue calmly and proactively. Begin by verifying the accuracy of your personal information with the SSA and confirming that your payment method is current. Contact the SSA at 1-800-772-1213 or visit your local office to inquire about the status of your payment, providing necessary details about your claim.
Delays can stem from various factors such as administrative processing, technical glitches, or the need for additional information. While awaiting resolution, consider temporary financial solutions and stay informed about updates from the SSA regarding payment schedules or known issues. Document all communication with the SSA, including dates and names, and explore online resources on the SSA website for additional information.
If the delay persists, seeking advice from a financial counselor or local advocacy organization for seniors can be a good idea.