If you receive Supplemental Security Income, you likely received your December check already on Dec. 1. But another payment is headed your way this month and it’ll include your 2024 cost of living adjustment, which is a 3.2% increase from what you’re currently getting. On the flip side, if you receive Social Security, you won’t see an increase on those payments until January. We’ll explain why below.
You should now have access to check your My Social Security account message center for a notice about your new benefit amount. Note that the deadline for creating an account was Nov. 14 so if you missed it, you’ll need to keep an eye out for a letter in the mail with all the details about your increase.
Here’s why you’re getting your first increased payment in December if you receive SSI, and when you can expect it. Additionally, here’s the Social Security payment schedule and Social Security Disability Insurance payment schedule. Also, here’s how much Medicare premiums and deductibles will be in 2024.
Why am I getting an SSI COLA increase in December?
The Social Security Administration follows a strict schedule when sending out monthly payments. For those who receive SSI, their payments are almost always sent out on the first of each month.
There are two reasons why your payment wouldn’t arrive on the first of any month: If the regular payment date falls on a holiday or a weekend.
In January 2024, the first of the month falls on a holiday. When this happens, the administration sends the checks earlier on the nearest business day — in this case, a Friday. Instead of receiving your January 2023 check in January, you’ll get it in December of this year.
