As New Year’s Eve approaches, Social Security beneficiaries are curious about a potential $967 payment and whether they qualify. This guide clarifies eligibility, explains payment schedules, and sheds light on Supplemental Security Income (SSI) benefits tied to this amount.
Understanding the details can help you prepare for the holidays and make the most of your benefits.
What Is the $967 Payment?
The $967 check often relates to Supplemental Security Income (SSI) benefits, a federal program supporting low-income individuals who are elderly, blind, or disabled. Here’s why some recipients may see this specific amount:
- Standard SSI Benefits:
The maximum SSI payment in 2024 is $914 for individuals. However, state supplements or unique circumstances can increase the payment, sometimes totaling around $967. - Cost-of-Living Adjustment (COLA):
A 3.2% COLA increase applies to 2024 Social Security and SSI payments, slightly boosting monthly checks. For SSI, this results in an increase from $914 to $944 for individuals. - State-Specific Supplements:
Some states add extra payments to SSI recipients, making the total benefits higher. For example, in California, state-funded supplements can push SSI checks closer to $967.
Eligibility for SSI and Social Security
To receive SSI or Social Security benefits, specific criteria must be met:
SSI Eligibility
- Income Limits: You must have limited income and resources.
- Age or Disability: You must be 65 or older, blind, or have a qualifying disability.
- Residency: U.S. residents with a valid Social Security Number can apply.
Social Security Eligibility
- Work Credits: At least 40 credits (10 years of work) are required for retirement benefits.
- Disability or Survivor Benefits: Qualifications vary but are based on your or your spouse’s work record.
Social Security Payment Schedule for December 2024
Social Security and SSI payments follow a set schedule, adjusted for holidays to ensure timely delivery:
| Date | Who Receives Payment |
|---|---|
| December 11 | Birthdates 1st–10th of the month |
| December 18 | Birthdates 11th–20th of the month |
| December 24 | Birthdates 21st–31st of the month |
| December 31 | SSI January payment (delivered early for New Year’s holiday) |
Important Note: If December 31 falls on a weekend or holiday, the SSI payment may be delivered earlier.
How to Calculate Benefits
Regular Social Security
Social Security retirement benefits are based on your 35 highest-earning years. For 2024, the average benefit is $1,800/month, but your payment may vary based on your earnings and the age you claimed benefits.
Example:
- If you delayed retirement until age 70, your benefits could exceed $2,000 per month.
SSI Benefits
SSI is designed for low-income individuals with limited assets. The maximum federal benefit in 2024 is $944 for individuals, but this amount may increase with state supplements or adjustments.
Example:
- A California SSI recipient might receive $967 due to state-funded increases.
Tips for Beneficiaries
1. Verify Your Payment Date
Check your birthdate to determine your Social Security payment schedule. For SSI, expect early payments when holidays approach.
2. Update Your Banking Details
Ensure your direct deposit or mailing address is accurate to avoid delays.
3. Plan for COLA Changes
Prepare for the 3.2% COLA increase starting January 2024. This adjustment will slightly boost your monthly benefits.
4. Leverage State Assistance
If you’re on SSI, check if your state offers additional support to increase your benefits.
5. Beware of Scams
Scammers target Social Security beneficiaries around the holidays. Never share personal or banking information with unsolicited callers.
How to Apply for SSI or Social Security Benefits
- Check Eligibility: Determine if you meet income, age, or disability criteria.
- Create a My Social Security Account: Use the SSA website to track and manage your benefits.
- Apply Online or In-Person: Complete the application online or at your local Social Security office.
- Provide Documentation: Submit proof of income, identity, and medical conditions (if applying for disability).
- Await Approval: The SSA will process your application and notify you of your benefits.
