Social Security Disability Insurance (SSDI) recipients in the United States are set to receive their payments this month. If you’re receiving SSDI and your birthday falls between the 11th and 20th of the month, the next payment is expected to hit your bank account on October 16, 2024. But don’t worry if you missed it—this is not the final SSDI payment for October.
For recipients born between the 21st and 31st of the month, your SSDI payment is scheduled for October 23, 2024. Here’s what you need to know about the upcoming payments and how the Cost-of-Living Adjustment (COLA) for 2025 will impact your benefits.
Payments
The SSDI payments you receive in October 2024 will not reflect the upcoming 2025 COLA. While beneficiaries won’t see a boost in their payments until January 2025, it’s essential to know what your payment looks like now. Currently, the maximum SSDI payment amount for 2024 is $3,822 per month, but the average SSDI recipient receives around $1,539.
For those receiving smaller monthly amounts, such as $500 or $1,000, the COLA increase in January 2025 will bring modest adjustments. For example:
| 2024 SSDI Payment | Estimated 2025 SSDI Payment |
|---|---|
| $500 | $512 |
| $1,000 | $1,025 |
| $1,539 (average) | $1,577 (after COLA) |
These incremental increases are designed to help recipients keep up with inflation, but until January, your SSDI payment amount will remain the same as it was earlier this year.
Eligibility
If you’re wondering about your upcoming SSDI payment date, the Social Security Administration (SSA) has specific eligibility rules. To receive your SSDI on October 16 or 23, you must meet the following criteria:
- You started receiving SSDI benefits after April 30, 1997.
- Your birthday falls between the 11th and 20th for the October 16 payment, or between the 21st and 31st for the October 23 payment.
- You must continue to meet the disability requirements that qualify you for SSDI.
For those who qualify for Supplemental Security Income (SSI) in addition to SSDI, your next SSI payment is set for November 1, 2024. This is because the usual payment date of November 3 falls on a weekend, prompting the SSA to release payments early. So, if you receive both SSDI and SSI, you’ll see them hit your account on the same day next month.
What to Expect
While there is no increase to SSDI payments in October, the 2025 COLA will take effect in January. This adjustment aims to counteract the rising cost of living and will increase the average SSDI payment from $1,539 to $1,577.
If you’re currently receiving $1,000 per month, you can expect an increase to $1,025 starting next year. Similarly, those receiving $500 monthly will see their payments rise to $512.
These increases are modest but can provide a slight cushion for the rising costs of necessities like housing, food, and healthcare. It’s also a good idea to check with your local SSA office to see if you qualify for additional assistance, such as Supplemental Security Income (SSI), if your monthly SSDI payments are lower.
FAQs
When will SSDI recipients receive their next payment?
If your birthday is from the 11th to the 20th, expect payment on October 16, 2024. Birthdays from the 21st to the 31st will get theirs on October 23, 2024.
Will October SSDI payments include the 2025 COLA?
No, SSDI payments in 2024 will not include the 2025 COLA increase. The COLA boost begins in January 2025.
How much is the average SSDI payment?
As of August 2024, the average SSDI payment is about $1,539 per month.
What is the maximum SSDI payment in 2024?
The maximum SSDI payment in 2024 is $3,822 per month.
When will the 2025 COLA increase take effect?
The 2025 COLA increase will take effect on January 3, 2025, boosting payments slightly for all recipients.
