If you’re a Supplemental Security Income (SSI) recipient, you have two payments coming your way this November.
The Social Security Administration (SSA) has scheduled payments on November 1 and November 29, but there’s no need to get too excited about receiving extra money—it’s simply an adjustment to the regular payment schedule.
November 1st and 29th Payments
The first payment on November 1, 2024, is the standard SSI payment for the month of November. As always, this payment will be deposited directly into the bank accounts of eligible recipients. If you’re waiting for your check or direct deposit, ensure that you’ve filed, been approved, and remain eligible to receive SSI benefits.
The second payment, arriving on November 29, 2024, is technically the December SSI payment. Since the SSA doesn’t issue payments on weekends, this payment is sent out early, ahead of the holiday season.
The November 29 payment is meant for December, so make sure to budget accordingly to avoid overspending before the new month arrives.
Maximum SSI Payments in November
For November, the SSI maximum amounts remain the same as they have been for 2024. None of the payments you receive this month will include the Cost-of-Living Adjustment (COLA) increase that will take effect later.
Here’s what recipients can expect in terms of maximum payments for November:
| Category | Maximum Payment |
|---|---|
| Individuals | $943 |
| Married couples | $1,415 |
| Essential person | $472 |
So, if you’re a married couple, the highest SSI payment you can receive in November is $1,415. The next payment, scheduled for November 29, is actually for December, so make sure to budget wisely to stretch your payments.
COLA Increase Coming in December
The COLA increase for SSI payments will not take effect until the end of the year. Starting December 31, 2024, the updated maximum amounts will come into effect. These increases are designed to help recipients keep up with inflation.
Here’s what you can expect after the COLA increase:
| Category | New Maximum Payment (After COLA) |
|---|---|
| Individuals | $967 |
| Married couples | $1,450 |
| Essential person | $484 |
While the COLA increase won’t impact your November payments, it’s great to know that a slight boost is coming soon to help with rising living costs.
SSDI Payments in November
If you’re also receiving Social Security Disability Insurance (SSDI) or retirement benefits, there’s good news for you as well. Instead of receiving your SSDI or retirement payment on November 3, 2024, it will be issued on November 1, because the 3rd falls on a Sunday. This means you’ll see your SSDI or retirement payment in your account a bit earlier than usual.
Budget Wisely
Since you’ll be receiving two payments in November, it’s important to remember that the second payment on November 29 is for December, not an extra or bonus payment. Be sure to set aside that money to cover your expenses for the following month, especially with the holidays coming up.
If you’re someone who relies on SSI for daily living expenses, budgeting these payments carefully is essential. With rising costs and the holidays around the corner, making sure your payments last can help reduce stress and avoid financial shortfalls.
