Millions of Americans receiving Supplemental Security Income (SSI) are anticipating the 2025 Cost-of-Living Adjustment (COLA) increase. This adjustment is intended to help recipients keep up with rising living costs. But when exactly will this boost arrive, and how much will SSI recipients benefit from it?
When SSI Recipients Will Get 2025 COLA Increase?
The Social Security Administration (SSA) has announced that SSI recipients will be the first to receive the COLA increase in 2025. This means those on this federal benefit will start seeing the adjustment in their payments before others. The adjustment aims to ensure that people on SSI can maintain their purchasing power as inflation impacts the cost of everyday essentials.
Who will Get $288 Extra After the 2025 COLA?
If you are an SSI recipient who qualifies for the maximum amount in 2024 and maintains your eligibility in 2025, you will receive an additional $288 per year. This increase results from a 2.5% COLA boost, calculated to help you keep up with inflation. But what does this look like monthly?
SSI recipients who qualify for the maximum amount will receive an additional $23 per month in their payments. Over 12 months, this increase adds up to $288. But SSI isn’t just for individuals; married couples and essential persons are also eligible for this federal benefit. These groups will see changes in their payment amounts as well.
Maximum SSI Payments in 2024 and After the 2025 COLA
- Individuals: In 2024, the maximum payment is $943 per month. After the 2.5% increase, this amount will rise to around $967 per month in 2025.
- Married couples: Couples receiving SSI together can get up to $1,415 per month in 2024. With the COLA, their payments will increase to approximately $1,450 per month in 2025.
- Essential Persons: These are individuals who live with SSI recipients and provide necessary support. They receive a maximum of $472 per month in 2024, which will increase to about $483 with the COLA boost.
SSI Payment for Married Couples After 2025 COLA
Married couples who qualify for SSI will receive more than individual recipients. While individuals can get up to $288 extra per year, married couples can receive an additional $420 over 12 months. This is because each payment for married couples will include an extra $35 compared to the maximum amount set for 2024.
Eligibility Requirements for SSI Payments
To receive SSI payments, there are some criteria that applicants need to meet. First, they must have a low income. Beyond that, the person must be at least 65 years old, have a disability, or be blind. If these requirements are not met, applicants won’t qualify for the monthly payments. Even if someone currently receives SSI, failing to meet these criteria in the future can affect their eligibility.
FAQs
When will the 2025 COLA increase start for SSI recipients?
The increase will start at the beginning of 2025 for SSI recipients.
How much extra per month will individuals on SSI receive in 2025?
Individuals will receive an additional $23 per month after the COLA.
How much more will married couples receive annually with the 2025 COLA?
Married couples will receive up to $420 extra per year.
What is the maximum SSI payment for individuals in 2025?
The maximum payment for individuals is expected to be around $967 per month.
Who qualifies for SSI benefits?
People who are 65 or older, disabled, or blind, and have a low income can qualify.
