If you’re living with a disability and depending on Social Security benefits, you’re probably wanting to plan your budget for the upcoming months. Which is why I know about the payment plan for August and September 2024. Let’s get in and explore what you can expect .
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SSI vs. SSDI: What’s the Difference?
There are two types of Social Security disability benefits: Supplemental Security Income and Social Security Disability Insurance. SSI is like a safety net for low-income Americans who are disabled, blind, or 65+.On the other hand, SSDI is like insurance for workers who have paid Social Security taxes and have a qualifying disability.
When Can You Expect Your Payments?
SSI payments mostly arrive on the first of the month, like clockwork. SSDI payments are a bit more complicated. They’re usually paid on the second, third, or fourth Wednesday of the month, it totally depends on your birthdate, and you can also say that it’s like a little birthday present!
August Payment Schedule, Mark Your Calendar
- August 1: SSI payment: right on time!
- August 14: SSDI payment: if your birthdate is between 1-10.
- August 21: SSDI payment: if your birthdate is between 11-20.
- August 28: SSDI payment: if your birthdate is between 21-31.
- August 30: SSI payment for September: yes, it’s early.
September Payment Schedule
- September 3: SSDI payment: if you receive both SSI and Social Security, or if you started receiving benefits before May 1997.
- September 11: SSDI payment: if your birthdate falls between 1-10.
- September 18: SSDI payment: if your birthdate falls between 11-20.
- September 25: SSDI payment: if your birthdate falls between 21-31.
How much will you receive?
Disability benefits really depend on how much you earn. If you earn less, it means that you may receive a higher SSI payment, as high as $943 for an individual or $1,415 for a couple living together.
FAQs
When do SSI payments arrive?
Right on time, on the 1st of the month.
How often do SSDI payments come?
Usually every 4 weeks, but it depends on your birthdate.
What’s the difference between SSI and SSDI?
SSI is for low-income folks, while SSDI is for workers who’ve paid Social Security taxes.
Can I get both SSI and SSDI?
Yes, some people do! But it depends on your situation.
Can I receive SSDI and other benefits?
Yes, like Medicaid or food stamps.
