What are the requirements to receive a double Social Security payment in December?
Some Social Security beneficiaries will receive two payments in December. Find out if you’re one of them and when you will receive the checks.
The Social Security Administration has finished sending out November payments and is preparing to send those that will be received in December. Next month, this process will be a bit more complicated as some beneficiaries will receive two payments in December- one at the beginning of the month and one at the end.
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What are the requirements to receive a double Social Security payment in December?
If you receive Supplemental Security Income (SSI) from the Social Security Administration, you can expect to get two payments in December.
SSI checks are generally sent on the first day of each month, except when the first day is a Saturday, Sunday, or holiday. Based on this schedule, the SSA will release SSI benefits for December on the first day of next month.
On top of that, a second payment will be sent on Friday, Dec. 29. As Jan. 1, 2024 is a holiday, the SSI payment will be advanced and sent on Dec. 29, 2023.
A look at the 2024 COLA
As this SSI payment is the first one for 2024, it is important to note that it will include an increase to account for the cost of living adjustment (COLA). The SSA has calculated the 2024 COLA to be 3.2%, which means that Social Security and SSI beneficiaries will see this increase reflected in their benefits.
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New SSI payment amounts
The SSA has announced the amounts of increased SSI payments for next year. Individuals will now receive $943 per month, up from the previous amount of $914. Couples will receive $1,415 each month in 2024.
Beneficiaries can receive their SSI payments via direct deposit if they have provided their bank account information to the agency. Alternatively, payments can be sent by mail, but they may take longer to arrive. If you do not receive your payment on the expected date, the SSA advises waiting three days before contacting them to allow for additional shipping time.