In 2024, there will be big changes to the Social Security Disability Insurance (SSDI) program, which is run by the Social Security Administration (SSA).
The 3.2% Cost-Of-Living Adjustment (COLA) that is planned to raise benefits is meant to help people deal with inflation and keep their buying power.
This change is part of a yearly review that makes sure benefits are still relevant in light of the current economy.
Key Changes in SSDI Payments for 2024
The cost of living adjustment (COLA) will cause changes to SSDI payouts in 2024. These changes will affect both the base payment amounts for disabled workers and their families.
Here’s a more in-depth look at the likely changes to the payments:
SSDI Payment Adjustments for 2024
| Beneficiary Category | 2023 Amount | 2024 Amount | Increase |
|---|---|---|---|
| Disabled Worker | $1,489 | $1,537 | $48 |
| Disabled Widow(er) | $897 | $926 | $29 |
| Aged Widow(er) | $1,720 | $1,775 | $55 |
| Spouse of Retired Worker | $885 | $913 | $28 |
| Retired Worker | $1,847 | $1,906 | $59 |
The SSA is committed to making sure that people who get disability payments can afford to live, and these changes show that they are doing that.
Eligibility and Application for SSDI
People who want to get SSDI must have worked enough jobs that are covered by Social Security and have a medical condition that meets the SSA’s description of disability.
People who want to apply must also show that their disability will keep them from working for at least a year or will kill them.
Also See:- 2024 SSDI Payment Chart
Conclusion
The 2024 updates to the SSDI program, which include a 3.2% COLA raise, show that efforts are still being made to help disabled workers and their families as the economy changes.
These changes are necessary to make sure that the benefits continue to help people who depend on them stay financially stable.
As these changes take effect, people who get benefits are told to stay educated and make good use of their benefits to make sure they continue to meet their needs.