SSDI Beneficiaries Between 21-31, Act Now!
SSDI beneficiaries who have SSDI checks now know the exact day on which they will receive the last of their March payments. The last day the Social Security Administration will send out SSDI checks is March 22. While this may seem like a disadvantage for those born between the 21st and 31st of any month, it is not. With proper organization and preparation, it’s possible to get the payment on the same day every month.
Each payment is for a specific group of SSDI beneficiaries, so a single pensioner cannot cash three checks in one month. The day a pensioner receives their SSDI payment depends on their birthday. For example, those born between January 1st and the 10th will receive payment on the second Wednesday of each month, while those born between the 21st and 31st will receive payments on the fourth Wednesday of each month.
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According to Tododisca.com, for SSDI beneficiaries to quickly and automatically receive the SSDI payment, Direct Deposit must be activated. It ensures that payments will be deposited on the same day each month. Alternatively, the payment can be claimed through a bank account transfer, which may take up to three days.
The maximum amount for SSDI checks is $3,627 per month, while the maximum amount for Social Security Age Retirement beneficiaries is $4,555 per month. The amount for SSDI checks can increase each year through cost-of-living adjustments (COLA), which in 2023 saw an increase of 8.7%. It is too early to tell how much SSDI checks will increase in 2024, but it may not rise by that much.
Overall, SSDI beneficiaries who are born between the 21st and 31st of any month should act fast to ensure they receive their final check of the month. By organizing their finances and choosing the best payment method for their needs, beneficiaries can enjoy a stress-free process.
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