If you’re receiving Social Security Disability Insurance (SSDI), this month’s payment comes with a little boost thanks to the latest Cost-of-Living Adjustment (COLA). Expect to see amounts like $421 or $495 hitting bank accounts, but the exact amount depends on your benefit calculation.
Let’s break down when you can expect the money and why it’s more than before.
What Is the COLA Boost, and Why Is It Important?
The COLA increase is designed to help Social Security recipients keep up with inflation. With prices on the rise, this adjustment ensures your monthly benefits have the same purchasing power they did before the cost of essentials went up. For 2025, the COLA increase is set at 2.5%.
This increase may not seem huge, but it’s crucial. On average, SSDI recipients are seeing their payments go from $1,542 in 2024 to around $1,580 this year. While amounts can vary, this adjustment means more money in your pocket every month.
When Will You Get Paid in February?
SSDI payment dates depend on your birthdate, and here’s the schedule for February 2025:
- If you were born between the 1st and 10th: Your payment arrives on Wednesday, February 12.
- If you were born between the 11th and 20th: Look for it on Wednesday, February 19.
- If you were born between the 21st and 31st: Expect it on Wednesday, February 26.
For those who began receiving benefits before May 1997 or who receive both SSDI and Supplemental Security Income (SSI), the payment will arrive on the 3rd of the month, which was February 3.
Why Some People Are Seeing $421 or $495
The amounts you receive depend on several factors, including your work history and how much you’ve paid into Social Security over the years. While many beneficiaries are seeing amounts around $1,580 this year, others may receive smaller deposits like $421 or $495 based on their specific eligibility.
How to Make Sure You Get Paid on Time
To avoid any delays, double-check that the Social Security Administration (SSA) has your correct bank account information. If you’ve recently moved or switched banks, updating this info is crucial.
Here are some tips to ensure you receive your payment without a hitch:
- Monitor your scheduled payment date based on your birth date.
- Allow up to 3 business days for the payment to arrive before contacting the SSA.
- If you experience delays, call the SSA at 1-800-772-1213 or visit your local office.
Why It’s Important to Stay Updated
As the cost of living continues to evolve, so do SSDI benefits. Staying informed about any upcoming adjustments is crucial to making the most of your payments. You can do this by regularly checking updates from the SSA or logging into your my Social Security online account.
The bottom line? February payments are rolling in, and with the COLA boost, you should see a little extra in your deposit this month. Keep an eye on your bank account, and make sure you’re set up to receive every penny you’re entitled to.
