$5200 New Social Security Bill 2024 – Payment Increase & Know Eligibility

The Social Security Administration has been running various programs to help the citizens with their financial needs. The $5200 New Social Security Bill 2024 has been released which will help the US citizens with the finances. There has been a 3.2% increase in the Cost of Living Adjustments which has taken effect from 29 December 2023. The $5200 New Social Security Payment Increase 2024 has taken effect now and one must check $5200 Social Security Eligibility 2024 to know if they will get the payment or not. In this post we have provided the necessary details on the new bill of the Social Security which has led to the payment increase.

$5200 New Social Security Bill 2024

The Social Security Administration (SSA) of the US has been providing financial benefits to the citizens of the Country who are of age above 62 years. The federal income under the SSA is provided to the eligible ones under the eligible age every month. The Social Security Income (SSI) being the monthly income is provided to the citizens and it gets changed as the Cost of Living Adjustments changes with the inflation. The US Citizens will be given the benefits of the SSA increased as the Cost of Living Adjustments has been hiked by 3.2% for the year 2024. 7.5 million citizens will be provided with the increased amount only. The new payment amount which will be given to the citizens is $5200 and the retirement benefits will increase by $50 per month and the increased benefits has been provided from January 2024. The people will get the hiked amount which will allow them to increase their finances. 

The ssa.gov $5200 Social Security Bill 2024 has been increased from $160200 to $168600 and the increased amount has taken effect from December 2023 onwards. The new applicable rate which is applicable for the SSI is USD 914 and the rate for couples is USD 1371. The increased rate is expected to be $943 Social Security February 2024 for the individuals and USD 1415 for joint tax filers. The increased amount will be given through the direct transfer mode and the payment will be given every month to the individuals. We have mentioned all the details on the new bill which has been passed for the benefits of the citizens.

ssa.gov $5200 Social Security Bill 2024

The citizens who are eligible for the financial benefits will be given the $5200 New Social Security Bill 2024. The payment for Cola is Increase by 3.2%. The table below will guide through the basic details on the new bill.

Article name Social Security Increase 2024
Payment name Supplemental Security Income 
Organization name Social Security Administration 
Country USA
Increase in COLA 3.2%
SSI Increased Amount$2000
Benefit amount $5200 per month 
Payment mode Online 
Age limit eligibility Above 62 years 
Post type Finance
Website ssa.gov
$5200 New Social Security Bill 2024

$5200 New Social Security Payment Increase 2024

  • The $5200 New Social Security Bill 2024 increase has been 3.2% which is for the increased amount of the SSI benefits
  • The 3.2% increase has taken effect from December 2023 and increased benefits have been provided from January 2024 onwards.
  • The ssa.gov $5200 Social Security Bill 2024 is applicable for the ones whose age is 62 years or more. 
  • The SSI Payment is given on the first date of the month but if the $5200 Social Security Payment Date 2024 is a holiday, it will be given on the previous day. 
  • The COLA is based on the CPI and the payment which one is eligible to get is given every month. 

$5200 Social Security Eligibility 2024

  • Below mentioned are the points under the $5200 Social Security Increase Eligibility 2024.
  • The beneficiary must be the citizen of US
  • The age limit of the beneficiary shall be 62 years.
  • The ones whose age is less than 62 years shall have a physical or mental disability. 
  • Your spouse shall have been dead. 
  • You are having difficulty spending money for food, clothes and essential items. 

SSA Increase 2024

Particulars Before 3.2% COLAAfter 3.2% COLA
Retired workers $1848$1907
Aged couple $2939$3033
Widowed mother and 2 children$3540$3653
Aged widower $1718$1773
Disabled worker $2636$2720
All disabled workers $1489$1537

$5200 Social Security Bill 2024 Amount

Beneficiaries Amount 
Singles $943
Couples $1415
Disabled individuals $742

$5200 Social Security Payment Date 2024

  • The payment of the SSI is given on the 3rd day of every month provided that day is not a holiday.
  • The payment is given as per the birth date as the ones born between 1st and 10th will get the payment on 2nd wednesday.
  • If your birth date is any day between 11th and 20th, you will get the payment on 3rd wednesday
  • In case your birth date is between 21st and 31st, the payment to you will be credited on 4th wednesday.
Month 2nd Wednesday 3rd Wednesday4th WednesdaySSI Payment Date
January 2024January 10, 2024January 17, 2024January 24, 202403-01- 2024
February 2024February 14, 2024February 21, 2024February 28, 202402-02-2024
March 2024March 13, 2024March 20, 2024March 27, 202401-03-2024
April 2024April 10, 2024April 17, 2024April 24, 202403-04-2024
May 2024May 8, 2024May 15, 2024May 22202403-05-2024
June 2024June 12, 2024June 18, 2024June 26, 202403-06-2024
July 2024July 10, 2024July 17, 2024July 24, 202403-07-2024
August 2024August 14, 2024August 21, 2024August 28, 202402-08-2024
September 2024September 11, 2024September 18, 2024September 25, 202403-09-2024
October 2024October 9, 2024October 16, 2024October 23, 202403-10-2024
November 2024November 13, 2024November 20, 2024November 27, 202401-11-2024
December 2024December 11, 2024December 18, 2024December 24, 202403-12-2024

ssa.gov $5200 Social Security Bill 2024 Links

$5200 New Social Security Bill 2024SSI Federal Payment Amount 2024

Frequently Asked Questions on $5200 New Social Security Bill 2024

What is the $5200 New Social Security Bill 2024?

The $5200 New Social Security Bill 2024 is the new amount of the SSI which the individuals will get.

Who will get the payment under the ssa.gov $5200 Social Security Bill 2024?

The ones of age 62 years or more will get the payment under the $5200 New Social Security Bill 2024.

How much will the SSA Increase 2024?

The SSA Increase 2024 is 3.2% which is the increase in COLA.

Which website will give the details on the $5200 New Social Security Bill 2024?

ssa.gov will give the details on the $5200 New Social Security Bill 2024.

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