If you are an SSI beneficiary, check your account because you could receive up to $1,450 in 20 days if you are a couple or $967 if you apply alone. Yes, you read that correctly; this is the amount approved by the Social Security Administration (SSA). The March payment will arrive on February 28, so don’t be alarmed if you receive the deposit sooner than expected.
Do you understand why the advance? It turns out that March 1 is a weekend, and the Social Security Administration does not like sending money on non-gratus days. That’s why they change the date to the nearest Friday. And this happened in January with the February payment, which actually arrived on December 31, 2024.
Social Security SSI payments come with an increase
The payments of $967 and $1,450, as well as the payment of $484 (for the payment of an essential help person), increased by 2.5% as a result of the cost of living adjustment, which raises payments and allowances to compensate for increases in product and service prices.
Be careful and don’t get confused: SSI and regular Social Security are more like distant cousins than brothers. The first is for people with disabilities, low-income adults over 65, and children in special circumstances. The second is determined by your level of contribution to your job. Therefore, receiving one does not guarantee the other.
Who applies? Basically:
- People with disabilities that make working difficult.
- Adults over 65 with limited income.
- Children in serious medical conditions.
Three more payments for Social Security beneficiaries
In February 2025, things get interesting for Social Security recipients. Mark your calendars because next week marks the start of a round of three payments on the second, third, and fourth Wednesdays.
This month, three payments will be made, and the beneficiaries’ joy can be felt in their homes. The first payment will be made on Wednesday, February 12, to those with birthdays between the first and tenth of each month. So, if your birthday falls on those days, you will receive your money on time.
The next group, those born between the 11th and the 20th, will receive their money in their accounts on Wednesday, February 19. To close the month, those with birthdays between the 21st and the end of the month will receive their payment on Wednesday, February 26. So, if you know when it’s your turn, get ready to enjoy the money you’ve worked for for years.
