Therefore, there could be very large payments if you are eligible. The Social Security Administration (SSA) has scheduled the last payday on November 22 for those on disability benefits.
The two requirements you must meet have to do with the date you filed and the date of your birth. As long as you meet these 2 requirements, you will be able to cash these disability benefits on November 22.
Who can collect disability benefits from Social Security on November 22?
If you did not receive Social Security Disability Insurance before May 1997, you still have a chance to receive this check. What is more, your birthday must be from the 21st to the 31st.
Therefore, if you meet both requirements you will be entitled to an SSDI payment. Remember that before you can collect disability benefits, apart from filing, your disability must meet the strict definition Social Security has given.
Besides, there are also work requirements. If you have never worked, you cannot receive disability benefits on your record. Depending on your age, you will need more or fewer Social Security credits.
Do not forget that the more money you earn as a worker, the higher your Social Security payment will be. That is why it is so important to get well-paid jobs and pay more taxes to the Administration through your payroll.
What is the average payment for disability benefits on November 22?
The average SSDI payment for those beneficiaries who receive the November 22 payment may be about $1,490. As of October 2023, the average payment was $1,489.27 said the Social Security Administration.
As you can see, there is a large difference between the maximum amount and the average payment. Those on disability benefits can receive up to $3,627, but only a few percentage of beneficiaries are entitled to that amount.
In order to cash larger checks you must have earned the taxable maximum for 35 years. That is a really difficult challenge because you never know when a disability may start. The older you are, the more time you may have had to work and earn work credits.
This last November payment will bring the 2023 COLA increase, but not the 2024 COLA boost. It will not be until January 3, 10, 17, and 24 when those on SSDI can collect the new COLA jump. If you are on SSI, you will receive the new amount on December 29, so you will not have to wait until January.