Social Security: $600 SSI Increase Announced, Start Date Revealed

The maximum amount of Federal Supplemental Security Income (SSI) payments goes up when the cost of living goes up for Social Security benefits. The most recent rise of this kind will start in January 2024 and is 3.2%.

SSI amounts for 2024

Eligible individuals will get a monthly maximum of $943 in 2024, individuals who are eligible and have a qualified spouse will get a monthly maximum of $1,415, and essential persons will receive a monthly maximum of $472.

In general, monthly amounts for the next year are determined by increasing the unrounded annual amounts for the current year by the COLA starting in January of the next year. The new unrounded amounts are then each split by 12 and the resulting amounts are rounded down to the next lower multiple of $1.

Calculation details
Recipient Unrounded annual amounts for— Monthly amounts for 2024
2023 2024 a
Eligible individual $10,970.44 $11,321.49 $943
Eligible couple 16,453.84 16,980.36 1,415
Essential person 5,497.80 5,673.73 472
aThe unrounded amounts for 2024 are the same as the unrounded amounts for 2023, but they are 3.2% higher.

Payment reduction

Countable monthly income is subtracted from the monthly amount. If a person is eligible and their partner is also eligible, the amount that needs to be paid is split evenly between the two spouses. Some states add to the perks of SSI.

Read more:

The $600 increase for Social Security, SSI, and SSDI beneficiaries is part of the 2024 Cost of Living Adjustment (COLA). Here are the key details:

Social Security Recipients:

SSI Recipients

How can I check my Social Security benefit amount?

social security
social security

To check your Social Security benefit amount, you have a few options:

Online Statement (my Social Security account):

    • Create an Account: Open my Social Security account on the official SSA website.
    • View Your Statement: Once logged in, navigate to your earnings history. Your Statement will display personalized retirement benefit estimates at different ages, along with your earnings history and instructions for reporting errors.
    • Annual Review: It’s a good idea to review your Statement annually.

Visit a Social Security Office:

    • You can visit a local Social Security office to get an estimate in person.

Use Online Calculators:

    • The official Social Security website provides calculators to estimate your benefits based on your earnings history.

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