The Social Security Administration (SSA) has confirmed when the 2025 COLAincrease will be applied to qualified SSDI beneficiaries’ bank accounts. In fact, it will not be in 2024 because the 2.5% COLA rise will go into effect in January. As a result, if you receive Disability Insurance, you are now ineligible for a cost-of-living adjustment rise.
The only Americans eligible for the 2025 COLA increase in 2024 will be those on Supplemental Security Income. So, if you got SSDI on December 3 and also get SSI, the 2025 COLA increase for SSI will be paid on December 31, 2024.
Date for the 2025 COLA if you are on SSDI
The first Social Security Disability Insurance payment reflecting the COLA increase will be made on January 3, 2024. To receive money on this paycheck, you must have filed for and received benefits before to May 1997.
If you did not, you can receive SSDI on January 3, 2025, if you also receive Supplemental Security Income. Other Disability Insurance paydays related to the 2025 COLA rise will be due on:
- January 8: Disability Insurance beneficiaries born from 1-10
- January 15: Disability Insurance beneficiaries born from 11-20
- January 22: Disability Insurance beneficiaries born from 21-31
How much will the 2025 COLA increase SSDI benefits?
The amount of all SSDI payments will go up by 2.5%. That’s two and a half dollars for every hundred dollars you get from Social Security. In this case, if you get paid $1,000, your new check will be $1,025 after COLA.
People who get SSDI and are eligible for an average payment of $1,542 in 2024 will get around $1,580 after the COLA raise. This is about $38 more per month, which is about $11 less than the average extra money seniors get each month.
With COLA, the biggest SSDI payment will go up from $3,822 to $4,018, which is the highest amount. This rise has nothing to do with the average COLA for all claimants, as you can see. This is because these payments are based on the highest amount of money that can be taxed, and that amount goes up faster than the annual COLA.
