Get Ready: Social Security to Issue Double Payments in Early November
November brings some good news for eligible Social Security recipients. While there won’t be any extra payments or bonuses this month, some will receive their benefits earlier than usual.
Payment Schedule
Social Security has scheduled the Supplemental Security Income (SSI) payment for November 1 and the retirement and SSDI payments for November 3. This means recipients will see two payments on the same day.
SSI and Social Security Payments on November 1
As per the usual schedule, SSI recipients will receive their monthly payment on November 1. Many individuals receiving Supplemental Security Income do so due to low income, which means their retirement or SSDI checks may not be sufficient.
Typically, SSI is paid on the first of the month, while retirement and SSDI payments follow on November 3. However, this year, both payment dates have merged, allowing those eligible for both SSI and Social Security to receive their retirement or SSDI payments 48 hours early. This change reduces the waiting time compared to previous months.
Payment Amounts for November 1
On November 1, SSI recipients can expect a maximum payment of $943, which is the highest amount available for individuals. Eligible married couples may receive up to $1,415 from the federal government.
On average, SSI payments are approximately $698 for all recipients and about $574 for those aged 65 and older. For retirement benefits, the average payment is around $1,920, while SSDI recipients can expect an average payment of $1,539.
It’s important to note that recipients receiving both SSI and Social Security typically do so because their income and resources are low. Therefore, the maximum Social Security payments are generally not available to these individuals. High earners may receive up to $4,873 in retirement benefits and up to $3,822 while on SSDI.
