If you get the SSI payment, you might have received your February payment already, but two additional payments are left this month. Unlike February, which has five payment dates, March will only have four. Though Social Security will deliver five checks in March, one of the paydays will be the same for many beneficiary categories.
Millions of beneficiaries, including retired workers and survivors—children, spouses, widows, widowers, or parents of any deceased beneficiary—receive monthly payments from the Social Security Administration (SSA). Additionally, disability benefits like Supplemental Security Income (SSI) and Social Security Disability Insurance (SSDI) are also paid out every month by the SSA.
SSI payment on March
In addition to serving as SSI beneficiaries’ payday, March 1st will also mark the start of a new payment period for some retirees and SSDI recipients. Eligibility for a retirement or disability check on March 1st requires that the recipient have been receiving benefits since May 1997.
Alternatively, you could receive your Social Security benefits on March 1st if you receive both Social Security and SSI simultaneously. In this case, certain retirees and SSDI recipients might also receive their SSA benefits on March 1st.
Therefore, if they qualify, they can get both checks on the same day. Three more paychecks will follow, with your Social Security benefits possibly arriving on March 13, 20, and 27.
Eligibility for SSI payment on March 13, 20 and 27
If you applied for and received benefits after May 1997, your paycheck may be on March 13. Social Security pays retirement and SSDI benefits on this date, but only if the beneficiary’s birthdate falls between 1 and 10.
Those whose birth dates fall between the tenth and the twenty-first will receive their SSI payment on March 20. The last payday for beneficiaries whose birth dates fall between 21 and 31 will be on March 27.
The maximum payment amount if you qualify at 70 is $4,873, if you file at 62, it is $2,710, and if you apply at Full Retirement Age, it is $3,822. The average payment amount might be $1,909.
The published payment schedule for 2024
The Social Security Administration (SSA) arranges for SSI benefits to be disbursed on the first of each month; if this date comes on a Saturday, Sunday, or holiday, the payment will be made on the preceding working day.
On the other hand, even if the third occurs on a weekend or holiday, claimants who began receiving payments before May 1997 get paid on that day.
When receiving both SSI and Social Security payments (retiree, survivors, or SSDI) at the same time, the Social Security payment is sent on the third day of the month, while the SSI payment is sent on the first. Depending on the beneficiaries’ dates of birth, the remaining Social Security checks are sent on Wednesdays:
- Second Wednesday: retirees with a date of birth between the 1st and 10th
- Third Wednesday: beneficiaries born between the 11th and 20th day
- Fourth Wednesday: retirees born between the 21st and 31st
To get the full payment schedule and additional information, please check the SSI payment schedule for 2024
Will Social Security payments be higher in 2024?
Yes, the Social Security Administration (SSA) raises the annual benefit value by raising inflation and the cost of living. The SSA’s cost-of-living adjustment (COLA) for 2024 is 3.2%.
There will be an automatic 3.2% rise in monthly payments for beneficiaries of SSDI, SSI, Social Security retirement benefits, early retirement benefits, and VA disability benefits. Including the new COLA calculation, the maximum SSI payment in 2024 will be $943 for an individual and $1,415 for a couple. The maximum possible SSDI payout is $3,822 per month in 2024, up from the maximum of $3,627 per month in 2023.