Social Security Payments Schedule: When Will You Get Your SSI, SSDI Money in 2023?

Social Security payments in 2023 will increase by more than $140 per month starting in January. Around 70 million Americans will see their checks having an 8.7% increase in their Social Security and Supplemental Security Income (SSI) checks.

Aside from the Social Security payments increase in 2023, the retirement earnings test exempt amount will also go up in 2023. Recipients can see the changes and updates regarding their Social Security payments in their personal my Social Security account. Beneficiaries can choose email or text to receive their notifications.

However, to receive an online notification, they must have my Social Security account by November 15, 2022. More than 65 million Social Security beneficiaries will see their benefit checks increase in January, while more than seven million SSI payments recipients will see the increase in their checks on December 30.

Social Security Payments Schedule 2023

Benefits are paid depending on recipients' birth dates. For instance, if your birthday is between the 1st and 10th, the benefits will be paid on the second Wednesday of the month.

On the other hand, those with birthdays falling on the 11th and 20th will receive their benefits on the third Wednesday. The fourth Wednesday is the designated schedule for beneficiaries, with birth dates on the 21st and 31st.

That would mean that for January 2023, based on the birthdays falling on the date mentioned, the first recipients will have their first Social Security payments on January 11.

The third Wednesday in January will be on January 18, and the fourth Wednesday is on January 25. For February, the payment schedule will be on the 8, 15, and 22. For the month of March, it will also follow the same date for the distribution of benefits, which will be on the 8, 15, and 22.

If you are receiving both Social Security and SSI, the Social Security will be paid on the 3rd of the month and SSI on the 1st. The same schedule applies to those receiving Social Security before May 1997.

There may be an exception to the payment date if you live in a foreign country and Medicare is paid for by the state where you reside.

Meanwhile, your SSDI payments in 2023 will come on the same day of the month as your 2022 payments. For example, if you are receiving your payments on the third Wednesday of the month, they will still come on the third Wednesday of the month in 2023.

SSI Payments and SSDI Payments

SSI beneficiaries will experience a standard individual monthly payments increase of $73 per month, which would be $914 per month in 2023, as compared to $841 this year. SSI payments for couples will be $1,371 per month in 2023 compared to $1,261 per month in 2022.

For Social Security Disability Insurance payments, the 2023 cost-of-living adjustment (COLA) rate increased the average monthly SSDI benefit for a disabled worker by $119, making it $1,483 from $1,364.

A disabled worker with a spouse or children will receive benefits in January worth $2,616 a month from the previous $2,407 per month.

Income limits for SSDI recipients also increased from $1,350 to $1,470 per month. The income cap for beneficiaries who are blind is $2,460 per month, allowing them to earn higher without the risk of losing their benefits.

This article is owned by Latin Post.

Written by: Mary Webber

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