In November 2024, some Social Security Disability Insurance (SSDI) recipients will receive two direct deposits on the same day, thanks to an overlap in payment schedules for SSDI and Supplemental Security Income (SSI).
If you are eligible for both SSDI and SSI, here’s what to expect and how the payments work.
SSI and SSDI Payments on November 1, 2024
For SSI recipients, the monthly payment will be deposited on November 1, 2024. This is the usual date for SSI payments, which occur on the first of every month.
However, for certain SSDI recipients, November 1 will also be their payment date.
Typically, SSDI payments are made based on your birthdate, but November brings a unique situation.
Those who usually receive their SSDI payments on the third of the month will receive their check or direct deposit two days earlier, on November 1, because November 3 is not a business day.
The Social Security Administration (SSA) has rescheduled the SSDI payments, allowing these individuals to receive their benefits earlier.
This means that if you are eligible for both SSI and SSDI, you will receive two payments on November 1, one for SSI and one for SSDI.
Who Will Get Two Payments on November 1?
To qualify for the two payments on November 1, you must:
- Be eligible for both SSI and SSDI.
- Have an SSDI payment typically scheduled for the third of the month.
- Maintain your eligibility status by following all Social Security rules.
Recipients should note that this situation only applies to those who receive both benefits and whose SSDI payment would normally land on the third of the month.
COLA Adjustment for SSDI and SSI
While November 1 will bring two payments for eligible recipients, neither payment will include the Cost-of-Living Adjustment (COLA) increase recently announced by the SSA.
- SSI recipients will not see the 2.5% COLA boost until December 31, 2024.
- SSDI recipients will begin receiving the COLA increase starting with their January 2025 payments.
The COLA increase is designed to adjust benefits for inflation, helping recipients maintain their purchasing power as the cost of living rises. For now, though, November payments will be based on the 2024 benefit amounts.
SSI and SSDI Payment Amounts
Here’s a quick breakdown of the average and maximum payment amounts for SSI and SSDI recipients in 2024:
| Benefit Type | Maximum Amount | Average Amount |
|---|---|---|
| SSDI (individual) | Up to $3,822 | $1,539 |
| SSI (individual) | Up to $943 | $698 |
| SSI (couples) | Up to $1,415 | Varies |
After the COLA boost, the payment amounts will increase slightly:
- SSI individual payments will rise to $967.
- SSI couples will receive up to $1,450.
What This Means for SSDI and SSI Recipients
For those receiving both SSDI and SSI, November 1, 2024, will bring a welcome financial relief with two payments arriving on the same day.
However, it’s essential to remember that these payments are separate from the COLA increase, which won’t affect your benefits until December 2024 (for SSI) and January 2025 (for SSDI).
If you rely on both SSDI and SSI benefits, make sure you’re aware of the timing of these payments and plan your budget accordingly.
In November 2024, some SSDI recipients will receive two direct deposits on the same day, thanks to the rescheduling of payments that typically fall on November 3. If you qualify for both SSDI and SSI, you’ll see two payments on November 1.
However, keep in mind that the 2.5% COLA increase won’t take effect until the end of December for SSI and January 2025 for SSDI, so this month’s payments will remain at their 2024 levels.
By staying informed about these updates, you can better manage your benefits and ensure you’re maximizing the financial support available to you.
FAQs
Who qualifies for two payments on November 1?
Those eligible for both SSI and SSDI, with an SSDI payment typically on November 3.
Will the November payments include the COLA increase?
No, the COLA increase will take effect in December 2024 for SSI and January 2025 for SSDI.
What is the maximum SSDI benefit for 2024?
The maximum SSDI benefit for individuals in 2024 is $3,822.
When will SSI recipients see the COLA increase?
SSI recipients will receive the COLA adjustment on December 31, 2024.
Can SSDI and SSI recipients receive payments on the same day?
Yes, in November 2024, those eligible for both benefits will receive two payments on November 1.
