If you're not sure how much you'll increase your benefit, you can create a Social Security M account online. Just make sure you do it on November 1st. 15. After that, you can check your account in early December to see your new number. You will also receive a letter in the mail with all the details in December.
Here's why you should get your first pay increase in December if you get SSI and when you can expect it. For more information, here are the Social Security payment schedule and the Social Security disability insurance payment schedule. Here's how much Medicare and deductibles will cost in 2023. Why did I get an increase in my December SSI check?
The Social Security Administration has a strict process that it follows when sending a salary. For SSI recipients, payments are almost always sent on the first of each month.
There are two reasons why your payment doesn't come on the first of each month: If your regular payment date falls on a holiday or weekend. In January 2023, the first month will fall on public holidays and weekends. When this happens, the administration sends the check first on the nearest business day - in this case, Friday. So, instead of receiving the January 2023 check in January, you will receive it in December of this year.
Paying Incentives
You can check your COLA increase in December. James Martin/CNET
When will I receive my first COLA payment?
If you get SSI, you will receive a payment on December 1. 30 and your new benefit number. You will not see an increase in your dec. 1 payment because the COLA increase does not take effect until 2023. Since your first payment is scheduled for Jan. 1 (holidays and weekends), you receive your first payment 2023 earlier. If you are feeling curious, you can check this website!
What if I get both SSI and Social Security? If you also receive Social Security benefits through your SSI, you will not receive your SSI payments until December. The increase in Social Security benefits will begin on January 1. 3, which falls on Tuesday.
For more information, here's how to apply for disability insurance. This is also how you can save your Social Security benefits so you can get a bigger paycheck later.
Originally published on Oct. October 22, 2022, 5:15 am PT.
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