The Social Security Administration (SSA) has scheduled three more Social Security Disability Insurance (SSDI) payments for August 2024. If you receive Supplemental Security Income (SSI), you can also expect a payment in August, even if you received one on August 1. Here’s a detailed look at when you can expect your SSI or SSDI payments this month.
SSI
SSI recipients received a payment on August 1, 2024. Additionally, they will receive another payment on August 30, 2024. This early payment is due to September 1 falling on a non-business day, prompting the SSA to issue the payment on the preceding business day, which is Friday, August 30.
Amounts
- Average Payment: $697
- Recipients 65 and Older: $574 on average
- Recipients Aged 18-64: $743 on average
- Recipients Under 18: $815 on average
SSDI
SSDI payments in August are divided into three separate dates based on the beneficiaries’ birth dates. Here’s the schedule:
- August 14, 2024: For beneficiaries whose birth date is before the 11th of any month.
- August 21, 2024: For beneficiaries whose birth date falls between the 11th and the 20th.
- August 28, 2024: For beneficiaries whose birth date falls between the 21st and the 31st.
Eligibility
- SSI Recipients: These payments are not for SSI recipients.
- Pre-May 1997 Recipients: Beneficiaries who received benefits before May 1997 do not follow this schedule.
Amounts
- Average SSDI Payment: $1,537
- Maximum SSDI Payment: Up to $3,822 (for high earners who worked for 35 years and filed as late as possible)
SSI Payments
SSI payments vary based on age and qualification criteria:
| Age Group | Average Payment ($) |
|---|---|
| 65 and older | 574 |
| 18-64 | 743 |
| Under 18 | 815 |
SSDI Payments
SSDI payments tend to be higher due to the earnings record and work history of the beneficiaries:
| Payment Type | Amount ($) |
|---|---|
| Average Payment | 1,537 |
| Maximum Payment | 3,822 |
Key Takeaways
- SSI Payments: Two payments in August, with the second payment on August 30 due to September 1 being a non-business day.
- SSDI Payments: Three payments on August 14, August 21, and August 28 based on birth dates.
- Eligibility: Different schedules and amounts for SSI and SSDI recipients, with specific criteria determining payment dates and amounts.
- Payment Differences: SSI payments are generally lower than SSDI payments, with SSDI amounts dependent on the work history and earnings of the beneficiaries.
Staying informed about your SSI and SSDI payment schedules can help you better manage your finances. If you have any questions or need further assistance, consider contacting the SSA directly or consulting with a financial advisor. Knowing the nuances of your benefits ensures you can plan effectively and avoid any surprises regarding your disability benefit payments.
FAQs
When will SSI recipients receive their payments in August 2024?
SSI recipients will receive payments on August 1 and August 30, 2024.
How are SSDI payment dates determined in August 2024?
SSDI payment dates are determined by the beneficiaries’ birth dates: August 14 for those born before the 11th, August 21 for those born between the 11th and 20th, and August 28 for those born between the 21st and 31st.
What is the average SSI payment amount?
The average SSI payment amount is $697.
What is the average SSDI payment amount?
The average SSDI payment amount is $1,537.
Who is eligible for the maximum SSDI payment of $3,822?
The maximum SSDI payment is available to high earners who worked for 35 years and filed for benefits as late as possible.