The Social Security Administration (SSA) has announced that beneficiaries of Social Security Disability Insurance (SSDI) will see four payments in January 2025. These payments include a Cost-of-Living Adjustment (COLA), raising the average monthly benefit to $1,580, a 2.5% increase compared to 2024.
Who Gets Paid and When?
The payment schedule for January is based on recipients’ birthdates and eligibility details:
- January 3: If you started receiving SSDI before May 1997 or are receiving both SSDI and Supplemental Security Income (SSI), your payment arrives on this date.
- January 8: Birthdates between the 1st and 10th of any month receive payments on this date.
- January 15: Payments are sent for birthdates between the 11th and 20th.
- January 22: Beneficiaries with birthdates between the 21st and 31st are paid on this date.
Who Qualifies for SSDI?
To receive SSDI benefits, individuals must meet strict eligibility criteria set by the SSA:
- Work History: You must have enough work credits usually 40 credits with 20 of those earned in the last 10 years. Credits are earned based on your work history and income.
- Medical Condition: Your disability must meet the SSA’s definition, meaning it prevents substantial gainful activity, is expected to last at least 12 months, or is terminal.
How Much Will You Receive?
The average monthly payment for SSDI is now $1,580, but the exact amount varies based on your earnings history. High-income earners may qualify for the maximum monthly benefit of $4,018.
Why the Increase?
The 2.5% COLA is designed to keep pace with inflation, ensuring recipients maintain their purchasing power despite rising costs of living.
Stay Updated
Beneficiaries can confirm their payment schedule and amounts by logging into their My Social Security account or contacting the SSA directly. Make sure your banking and contact details are up to date to avoid any delays.
Keep an eye out for your payment date, and remember, this year’s increase helps you better manage financial needs.
