The federal government provides social security payments to elderly retired people, survivors, the disabled, and families to support them. Social Security recipients receive monthly payments to manage their expenses well. The article covers everything you wish to learn about 2024 Social Security payments.
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Social Security Payment Schedule 2024
The federal government provides social security benefits to qualified retired adults and individuals with disabilities, survivors, and their families as a replacement for their income. The US working class pays the payroll taxes for funding social security programs.
Social Security supports eligible US people to catch up with the rising cost of living and lead a healthy life. The Social Security Administration (SSA) oversees and administers the Social Security programs. The SSA pays the social security payments to the beneficiaries every month based on their birthdate. The recipients can check the benefits payout date based on the birth date:
- Recipients whose birth date falls on the 1st – 10th would receive the payment on the second Wednesday of the month.
- Recipients whose birth date falls on the 11th – 20th would receive the payment on the third Wednesday of the month.
- Recipients whose birth date falls on the 21st – 31st would receive the payment on the fourth Wednesday of the month.
- However, the recipients who have been receiving Social Security payments before 1997 or getting Social supplementary payments too; get the payout on the third of every month and Supplemental Security Income (SSI) on the first of every month.
Based on the above Social Security payment date guidelines, Social Security recipients can expect their next payment on the following schedule:
Birth Date | August 2024 | September 2024 | October 2024 | November 2024 | December 2024 |
1st – 10th | 14 August | 11 September | 9 October | 13 November | 11 December |
11th – 20th | 21 August | 18 September | 16 October | 20 November | 18 December |
21st – 31st | 28 August | 25 September | 23 October | 27 November | 24 December |
If the payment date falls on a weekend or public holiday, the recipients will receive the payment on the business day before the payment date.
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Social Security Payment amount 2024
The US people receive the following benefits under the Social Security programs:
- Retirement Benefits to support elderly people and start a new chapter in their life.
- Medicare Benefits works as a health insurance program for people aged 65 or older and medical aid for the younger generation with disability or severe medical conditions.
- Disability benefits are for people who can’t earn a living due to their disability
- Survivors for people who lost their loved ones and dependent workers of the household.
- Supplemental Security Income (SSI) supports disabled individuals and children to manage the expenses that arise due to their conditions.
The eligible US people receive the above benefits based on their eligibility, their monthly payments depend on the benefit they qualify under the Social Security benefits. According to reports, the average monthly Social Security payment that an individual receives is around $1900, and if the person qualifies for more than one he can receive $3000 through the Social Security benefits.
The federal government has increased the COLA by 3.2% at the beginning of 2024, which gives an additional $50 to Social Security recipients.
Who receives the Social Security payments?
The US people who satisfy any of the following eligibility requirements would be eligible to apply and avail of the social security benefits from SSA:
- A person who has worked and built up enough work credits in the jobs covered by Social Security
- A person who is age 65 or over and retired
- A person with a disability (mental or physical), which has limits his capability to work and earn a living.
- A person whose loved one (spouse) has died or a young child who lost his parents.
- A person having difficulty paying for his/her daily essentials can apply for Social Security benefits.
You can check your eligibility of the SSA Social Security eligibility estimator based on the questionnaire on the website and determine which benefits you will get under the Social Security Program.
How to track Social Security Benefit payments?
Social Security recipients can know their Social Security benefit payment status in the following ways:
- The recipients can log in to their “my Social Security account” and can check their received benefits, and application status, estimate future benefits, or manage their benefits easily. You can make your account on the Social Security website and get your personalized Social Security statement to check your payment status.
- The recipient can also call the Social Security Administration toll-free number to inquire about their social security account and benefits at 1 800 772 1213 between 8 AM to 7 PM local time except on weekends.
The federal government pays the social security payments electronically via direct deposit to the bank account of the beneficiaries or through Direct express debit Mastercard, so the payments rarely go missing. But still, due to some reasons, the payment can go missing, let’s see what you should do if you ever face such a situation:
- First, you should check your bank account for any payment details or call your bank operator to be certain that your account is fine and working properly.
- You can contact the SSA at the toll-free number 800 772 12 13 and 800 325 0778 for TTY. The SSA officer will review your request and fill you with the details of the missing payment. If your payment is missed, the SSA will replace your payout.
- If you still receive the payment through paper checks, you should wait for additional days from the payment date. However, the SSA advised the recipients to wait for three additional mailing days from the designated date to call the SSA.
The federal government supports US citizens in their difficult times through monthly social security benefits, so mark the payment schedule based on your birth date and benefit to manage your expenses well.
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