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SSI Beneficiaries: You're Getting Your First COLA Increase This Month. Here's Why

Those who receive Supplemental Security Income will get their first COLA payment later in December. We'll explain the reason.

stacked $100 bills
SSI beneficiaries get their first increased check in December.
Sarah Tew/CNET

If you receive Supplemental Security Income, you're getting your first cost of living adjustment increase of 8.7% later this month. Everyone else who receives Social Security payments will get their first checks in January 2023. Your COLA increase won't come with today's payment, but instead at the end of the month -- we'll explain why below.

Not sure how much of a benefit bump you're getting? You can check your My Social Security account sometime in early December to see your new benefit amount (a clear date hasn't been announced yet). If you didn't meet the Nov. 15 deadline for creating an account, you'll receive a letter in the mail with all the details later in December.

Here's why you'll get your first increased payment in December if you receive SSI and when you can expect it. For more, here's the Social Security payment schedule and Social Security Disability Insurance payment schedule. Also, here's how much Medicare premiums and deductibles will cost in 2023.

Why am I getting an increase in my December SSI check?

The Social Security Administration has a strict schedule it follows when sending out monthly payments. For those who receive SSI, their payments are almost always sent out on the first of each month. 

There are two reasons why your payment wouldn't arrive on the first of any month: If the regular payment date falls on a holiday or a weekend.

In January 2023, the first of the month falls on a holiday and a weekend. When this happens, the administration sends the checks earlier on the nearest business day -- in this case, a Friday. So instead of receiving your January 2023 check in January, you'll get it in December of this year.

Stimulus money payments

You can check your COLA increase in December.

James Martin/CNET

When will I get my first COLA increase payment?

If you receive SSI, you'll get a payment on Dec. 30 with your new benefit amount. Again, you won't see an increase with your Dec. 1 payment because the COLA increase doesn't go into effect until 2023. Since your first increased payment is scheduled for Jan. 1 (a holiday and weekend day), you're getting your first 2023 payment early.

What if I receive both SSI and Social Security benefits?

If you also get Social Security benefits along with your SSI, you'll only get your increase for SSI in December. Your Social Security benefits increase will begin on Jan. 3, which falls on a Tuesday.

For more information, here's how to apply for Social Security Disability Insurance. Also, here's how to pause your Social Security benefits to potentially get a larger payment later.