According to the Social Security Administration, qualified applicants will be able to receive a $200 raise + $2,000 4th Stimulus Check May 2024 as part of the SSI & SSDI payment plan. The cost-of-living adjustment (COLA) and other national economic conditions determine how much the SSI and SSDI payment plans increase.
The 3.2% increase in COLA in 2023 finally resulted in an increase in the stimulus cheques that the SSI and SSDI payment plans provide. The Social Security and Medicare Insurance (SSI) payment plans have made it possible for Americans to pay their bills, buy food, and buy prescription drugs.
In May 2024, eligible applicants can anticipate receiving higher SSI and SSDI benefits. To obtain the information required for this programme, go to the SSA’s official website at https://www.ssa.gov.
Difference Between SSI And SSDI
SSI: The acronym for Supplemental Security Income is SSI. Not only are SSI benefits unearned, but they can also be obtained by disabled individuals. Also, those who are aged 65 years and above, and blind individuals who require extra financial support.
You do not have to work in a particular job for SSI benefits. The amount you receive does not rely on how much you made in the past. SSI benefits are means-tested. This means that if the income of your household or countable fiscal resources is beyond a certain amount ($2,000 for singles and $3,000 for couples), you will not be eligible for benefits.
SSDI: The acronym for Social Security Disability Insurance is SSDI. Those who have earned enough “work credits” are eligible to receive disability payments. A yearly income requirement must be met in order to get labor credits, and Social Security taxes must be paid on that income.
SSDI benefits are only awarded to individuals who have paid taxes on the scheme, making them earn benefits. A disabled person, however, might be qualified for these benefits in some situations based on their parent’s or spouse’s job history.
$200 Raise + $2000 Stimulus Check May 2024: Payment Date
| Particulars | $200 Raise + $2,000 4th Stimulus Check Payment Dates 2024 |
| SSDI Payment (1st to 10th ) | 8th May 2024 |
| SSDI Payment (11th to 20th) | 15th May 2024 |
| SSDI Payment (21st to 31st) | 22nd May 2024 |
| SSI Payment | 31st May 2024 |
| Receiving Social Security Payments before 1997 | 3rd May 2024 |
| Receiving SSI Payments before 1997 | 1st May 2024 |
From 1997 till the present, SSI has paid qualifying applicants on the first of each month.
On the second, third, and fourth Wednesdays of each week, SSDI has disbursed the payouts to the eligible candidates according to their birthdates.
Social Security benefits are sent to eligible recipients on the third of each month starting in 1997.
Eligibility Criteria
The candidates need to meet the SSA department’s $2,000 4th Stimulus Check Eligibility 2024 requirements. Individuals who meet the eligibility requirements will get a certain amount in stimulus cheques.
- The applicant must be underpaid or a member of a low-income group. Candidates ought to be resource-constrained.
- Individuals are limited to holding assets under $2,000, and married couples are limited to holding assets under $3,000.
- Seniors with disabilities are those who are 65 years of age or older.
- Adults or children who are unemployed, disabled, or permanently blind.
$200 Raise + $2000 Stimulus Check May 2024: Steps To Claim
In order to be eligible for the payout plan, candidates must make sure they match the requirements. By doing the following, they can claim their $200 rise plus $2,000 fourth stimulus check in May 2024:
- Visit the official SSA website at https://www.ssa.gov/.
- When the site opens, it will provide you with instructions and an “Apply” option.
- Enter your initials after clicking “Apply.” The portal will ask you to fill out an online form after you’ve created your profile.
- Fill out the online form completely, making sure to attach the required files.
- Once the form is completed, wait with regard to SSA to contact you.
Applying for the scheme can also be done over the phone at the toll-free number or in person at the nearest SSA office.