Effective January 1, 2024, the federal Supplemental Security Income payment amount will increase by 3.2 percent. The amounts paid to individuals and couples are below:
| Recipient | Unrounded annual amounts for— | Monthly amounts for 2024 | |
|---|---|---|---|
| 2023 | 2024 a | ||
| Eligible individual | $10,970.44 | $11,321.49 | $943 |
| Eligible couple | 16,453.84 | 16,980.36 | 1,415 |
| Essential person | 5,497.80 | 5,673.73 | 472 |
Impact on Medicaid
This increase in the individual SSI rate will have the effect of increasing Medicaid’s income cap from $2,742 to $2,829 beginning January 1, 2024. Although we have not seen an official announcement, the maximum Community Spouse income allowance (used in Georgia) should increase by 3.2% in 2024 to $3,834 and the maximum Community Spouse Resource Allowance should increase in 2024 to $153,375. For those in less generous States, the minimum Community Spouse income allowance should increase to $2,543 and the minimum Community Spouse Resource Allowance should increase to $30,675. Our figures are estimates pending the official announcement. For 2023, the official announcement was made on November 18, 2022 so the official announcement should come anytime. When available, the official announcement should be posted at the link in the “Other Resources” section of this post.
UPDATE: 2024 SSI and Spousal Impoverishment Standards
