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Three payments worth up to $4,194 start going out in days – the exact dates they will arrive

THE Social Security Administration (SSA) will soon be sending out the next batch of 2022 cost-of-living adjustment checks to beneficiaries.

In 2022, the COLA, which measures data from the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) price index, has been boosted by 5.9%.

The Social Security COLA has been boosted by 5.9% in 2022Credit: Getty

The SSA runs three key programs that millions of Americans depend on: Social Security, Supplemental Security Income (SSI) and Social Security Disability Income (SSDI).

Social Security is available to seniors who have been paying into the program throughout their work history.

On the other hand, both SSI and SSDI aim to provide aid to those with disabilities – but the eligibility requirements between the two are different.

This year, the maximum Social Security check is $4,194, while this is $841 per month for individual SSI beneficiaries.

SSDI benefits, on the other hand, are too complex to calculate.

How much you get will depend on the age you became disabled and your employment history, including the average amount of income you once earned, and period of eligibility.

Because of this, the SSA has not projected a maximum benefit for SSDI, as it's too complex to accumulate given the factors.

"There really isn't a maximum disabled worker benefit amount that corresponds to the maximum retired worker benefit amounts we post on our website," the SSA previously told The Sun.

SSI schedule

The first batch of payments this month from the SSA will go out to SSI beneficiaries.

Normally, payments are paid out on the first of each month, assuming there is no impact to the schedule.

For example, since May 1 landed on a weekend, claimants got double benefits in April.

Thus, they weren't given a payment in May.

There will be no impact on this month's schedule, as SSI claimants are set to receive their payments on Friday, July 1.

SSDI and Social Security schedule

Social Security and SSDI benefits are normally paid on the same monthly schedule.

This will for the most part depend on your birthdate - unless you started claiming SSDI after 1997.

For example, if your birth date is between the first and the 10th, the payment will be deposited on the second Wednesday of each month.

If your birth date is on the 11th-20th, it will be deposited on the third Wednesday of each month.

Lastly, if your birth date is on the 21st-31st, it will be deposited on the fourth Wednesday of each month.

The dates SSDI and Social Security will be paid out this month are as follows:

  • Second Wednesday: July 13
  • Third Wednesday: July 20
  • Fourth Wednesday: July 27

If you started receiving SSDI benefits on or ahead of 1997, you'll get your payments on the third of every month, as long as the date does not land a weekend or an eligible holiday.

This month, the third lands on a Sunday, meaning you should be getting your benefits on Friday, July 1.

For more on your benefits from the SSA, we reveal the full schedule for the year.

Also, we explain why it makes sense to start claiming Social Security at 70.

LOS ANGELES, CALIFORNIA – JUNE 14: Alabama Barker and Landon Barker attend the boohooMAN x Landon Barker launch party at Desert 5 Spot on June 14, 2022 in Los Angeles, California. (Photo by Phillip Faraone/Getty Images for boohooMAN)Credit: Getty Images - Getty

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