Second SS COLA Sent January 19, Don’t Miss It!

(Photo by SHVETS production from Pexels)

Good news to seniors! Millions of Social Security recipients in the United States receive a $1,657 check on January 19, with checks arriving on the third Wednesday of each month, starting today, for those born between January 11 and January 20.

Increase in SS Payments 

Supplemental Security Income (SSI) recipients will get an increase of $821 in addition to the future installments. Due to the new cost-of-living adjustment (COLA) and the holidays, these claimants could get two checks in December and another on February 1. According to the Social Security Administration, the monthly peak for SSI has increased from $794 per month in 2021 to $841  in 2022, according to Marca.

The check will be sent to those born between the 11th and the 20th of this month as part of the second SSI payment that will be made this month. As checks are increased to $1,657 from $1,565, seniors will see a $92 increase. On January 26, eligible Americans born after January 20 will receive their Social Security benefits. On February 9, the next paycheck for retirees born between the first and tenth of the month will be sent. This year’s maximum social security benefit is $4,194, The US Sun posted. 

Seniors Can Claim Social Security, SSI Benefits

Medicare and SSI are also claimed by senior citizens, according to Marca. The COLA resulted in a 5.9% increase in monthly Social Security payments for around 70 million retired Americans, the most considerable boost in 40 years. The monthly payments are determined by your employment history and the age you first started receiving benefits.

Through a My Social Security account, most recipients can view such information online. In most cases, the Social Security Administration also delivers notices through mail. You may also figure out how much you’ll get paid each month in 2022 on your own.


Read More About:

You Should File Your Taxes If You Owe Stimulus Money from 2021

After filing their tax returns to the IRS, Americans continue to receive collection warnings