Remaining Disability Benefit Payments – SSI of $697 and SSDI of $1,537 in August

In August 2024, recipients of Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI) can expect multiple payment dates. While SSI beneficiaries usually receive one payment per month, this August presents a unique situation. The Social Security Administration (SSA) has planned three SSDI payments and an additional SSI payment at the end of the month.

SSI

For SSI recipients, an extra payment will arrive on August 30. Typically, SSI payments are disbursed on the first of each month. However, since September 1, 2024, falls on a non-business day, the SSA will issue the payment on the preceding business day, August 30. This ensures that beneficiaries receive their funds without delay.

SSDI

SSDI beneficiaries will see a more segmented payment schedule in August. The payment dates are based on the beneficiary’s birth date:

1. August 14: For those born before the 11th of any month.
2. August 21: For those with birthdays from the 11th to the 20th.
3. August 28: For those born from the 21st to the 31st.

It’s important to note that these SSDI payments do not apply to individuals who also receive SSI or to those who started receiving benefits before May 1997.

SSI Amounts

The amount SSI beneficiaries receive varies based on age and individual circumstances. On average, recipients can expect around $697 per month. Here’s a breakdown:

• Over 65: Approximately $574
• Aged 18-64: Around $743
• Under 18: An average of $815

These figures represent average amounts, with individual payments possibly differing based on specific qualifications and living situations.

SSDI Amounts

SSDI recipients generally receive more substantial payments compared to SSI beneficiaries. The average SSDI payment is approximately $1,537. However, the payment amount can vary significantly depending on the individual’s work history and lifetime earnings.

Some beneficiaries, particularly those who were high earners, worked for 35 years, and delayed their filing as long as possible, can receive up to $3,822 monthly. This maximum benefit is only available to a small group of individuals who have paid into the SSA system through covered jobs for an extended period.

Whether you’re receiving SSI or SSDI, it’s crucial to stay informed about your specific payment dates and amounts. Knowing these details can help you plan your finances and ensure you’re prepared for any changes in your payment schedule.

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