(NEXSTAR) – Some payments from the U.S. Social Security Administration will arrive a little bit differently this December.
No one will miss a check, but beneficiaries should expect their payments in their mailboxes (or bank accounts) on a different day than normal.
The Administration provides Supplemental Security Income (SSI) benefits for adults and children with limited income, who are blind or have some other qualifying disability.
SSI benefits are paid on the 1st of the month, but holidays and weekends can alter the normal payment schedule. While the Dec. 1 SSI payment will go out as expected, another check will go out Dec. 31.
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The second payment is actually January’s benefit, paid early because Jan. 1 is a holiday. Beneficiaries will receive a second payment – February’s – on Jan. 30, because Feb. 1 falls on a Sunday.
As for traditional Social Security benefits, when you get paid depends on when you were born. Recipients born between the 1st and 10th of the month receive their payment on the second Wednesday of the month. Those born between the 11th and the 20th will be paid on the third Wednesday, with the final group, those born between the 21st and the 31st getting their checks on the fourth Wednesday.
In January, the nearly 71 million Social Security recipients will see the annual cost-of-living adjustment kick in, raising payments by 2.8%, or $56 per month on average.
For the roughly 7.5 million Supplemental Security recipients, that increase will begin Dec. 31.
Meantime, many beneficiaries are bracing for an increase to Medicare Part B premiums estimated to be nearly $18, along with a $26 jump in the annual deductible.
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