5. SSI Payment Standards also increase
If you are one of the people who receive Supplemental Security Income (SSI) benefits and also their Social Security, 2024 has some great news for you: the SSI Federal Payment Standard will also increase.
In 2023, it used to be $914, and now in 2024, it will be $943. This is perfect considering where those receiving this benefit have to go every day.
For couples where both spouses receive Supplemental Security Income, the benefits will also increase; from $1,371 a month, they will get $1,415. For couples relying on SSI benefits, this is a big change, and this increase in their monthly support will surely help anyone receiving it.
4 thoughts on “6 Social Security Changes Coming in 2024”
Wow, such great information. Very helpful!
COLA does not even come close to helping with the rising food, Gas, electric, Heating oil,
and almost everything else .Government algorithms are for the birds
how do we get SSA to make changes. I could not get my deceased husband’s monthly SS because I receive a Federal Gov. retirement. they have some kind of formula to determine eligibility. do we need to vote on any changes, write to someone to make the changes.? I’m sure there are more like me in this situation
Barbara, the same happened to me. It is called the Government Pension Offset (GPO)
Government Pension Offset (GPO) – If
you qualify for benefits as a current or
former spouse, widow, or widower, the
GPO may reduce or eliminate your
benefits. Jan 20, 2024
The bipartisan Social Security Fairness
Act — which now has 308 cosponsors
would eliminate both the WEP and the
GPO, two provisions of the Social
Security Act that unfairly reduce or
eliminate Social Security benefits for
millions of Americans who have devoted
much of their careers to public service.
Make your vote count. 🗳