Social Security and Supplemental Security Income benefits will increase in 2025. (Disability Scoop)
People with disabilities who receive Social Security and Supplemental Security Income benefits can expect to receive more money next year.
The Social Security Administration said Thursday that monthly payments will increase by 2.5% in 2025.
The change is due to an automatic annual cost of living adjustment, or COLA, which is linked to inflation.
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With the increase, SSI will pay a maximum federal benefit of $967 per month to individuals, up from $943 this year. Couples will max out at $1,450 per month instead of $1,415.
Actual payments could be higher because some states contribute more.
“Social Security benefits and SSI payments will increase in 2025, helping tens of millions of people keep up with their expenses even as inflation has begun to cool,” said Insurance Commissioner Martin O’Malley. Social.
The nearly 7.5 million Americans who receive SSI payments, including many with disabilities, will see new payment amounts take effect starting Dec. 31, followed by Social Security in January.
The agency said it will begin notifying beneficiaries of their new benefit amounts by mail in early December. The information will also be available online for people who have an account on the Social Security website.
The notices will use a new simplified format that features plain language and provides exact dates and dollar amounts, as well as details about any deductions, all presented on a single page, the Social Security Administration said.
Over the last decade, COLA has averaged 2.6%, but the last three years have seen much more significant growth in profits (3.2% this year, 8.7% in 2023 and 5.9% in 2022), according to the agency.
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