Millions of Americans rely on Social Security, SSDI, and SSI for monthly income. In 2024, eligible recipients could see an extra $652 added to their payments. This guide explains who qualifies, how to check your eligibility, and what steps you can take to ensure you don’t miss out on this benefit increase.
Who Is Eligible for the Extra $652 Monthly?
Eligibility for the additional $652 payment depends on the following:
Social Security recipients: Payments will be adjusted for individuals already receiving Social Security benefits.
SSDI and SSI beneficiaries: Disabled individuals and low-income recipients qualify if they meet income and asset limits.
Cost-of-Living Adjustments (COLA): The extra amount is largely due to COLA increases for 2024.
How to Check Your Eligibility
Online Tools: Use the Social Security Administration (SSA) website to verify eligibility.
Contact SSA: Call or visit your local office for assistance.
Update Records: Ensure your income and other information are accurate.
When Will Payments Begin?
The increased payments, including the extra $652, are expected to start in January 2024. Direct deposits will arrive first, followed by paper checks.
Why Are Payments Increasing?
The boost in payments comes from the annual Cost-of-Living Adjustment (COLA), which helps recipients keep up with inflation. In 2024, COLA is set at a historic high, leading to larger benefits.
How to Make the Most of Your Additional Benefits
Cover basic expenses like groceries, rent, or healthcare.
Save for emergencies or future needs.
Pay off high-interest debt to reduce financial stress.
The extra $652 monthly in Social Security, SSDI, and SSI benefits for 2024 is a significant help for many Americans. It’s important to stay informed, verify your eligibility, and update your records with the SSA. This increase is designed to offset inflation, helping recipients manage living costs better and plan for the future.
Who qualifies for the $652 extra monthly payment?
Individuals receiving Social Security, SSDI, or SSI benefits who meet eligibility criteria.
When will the increased payments start?
Payments will begin in January 2024.
What is the reason for the increase?
The additional amount is due to the Cost-of-Living Adjustment (COLA) for 2024.
How can I check my eligibility?
Use the SSA’s online tools or contact their office to verify your eligibility.
Will the increase apply to all recipients?
Most recipients will qualify, but eligibility depends on income, assets, and other factors.
