Social security beneficiaries are to receive a $4,555 COLA check at the end of January 2023: are you eligible?

Good news for millions! Before the end of the first month of 2023; Check at the end of January for $4,555 can arrive in the US in less than a week.
  • Millions of Social Security beneficiaries in the United States will receive a new payment of $4,555 in their bank accounts next week.
  • The payment will be deposited on the second, third, or fourth Wednesday of the month based on the individual’s date of birth.
  • To obtain the benefit, it is important to keep personal documents and identification up to date and to notify the U.S. Social Security Administration of any name changes. Moving abroad and being incarcerated for more than 30 days can also affect benefits.

Millions of people in the United States will benefit from the important support just days away from being in their hands. It is a ‘juicy’ check at the end of January for $4,555, which could arrive in less than a week in the US.

The Sun reported that millions of Social Security recipients would see a new payment in their bank accounts next week. Based on your date of birth, you may receive your first 2023 COLA check on Wednesday, Jan. 25, as monthly payments are made on the second, third, and fourth Wednesdays of the month.

Check at the end of January for $4,555 can arrive in the US in less than a week.

Check at the end of January for $4,555 can arrive in the US in less than a week
PHOTO: Shutterstock

For example, if your date of birth is between the 1st and 10th, the payment will be deposited on the second Wednesday of each month. If your date of birth is the 11th through the 20th, it will be deposited on the third Wednesday of each month, and if your date of birth is the 21st through the 31st, it will be deposited on the fourth Wednesday of each month.

In order to obtain this important benefit, it is necessary to keep your personal documents up to date, as well as identifications that allow you to corroborate your identity. In this informative note, we leave you some of the essential documents:

Essential documentation to obtain the benefit

Essential documentation to obtain the benefit
PHOTO: Capture website The Sun

Whenever a person legally changes his or her name, it is essential to contact the U.S. Social Security Administration (SSA). Failure to notify the SSA of a name change could prevent your wages from being properly recorded on your Social Security earnings record.

To obtain a new Social Security card with your new legal name, you must provide the SSA with a recently issued document proving your identity and legal name change. Acceptable documents include:

The main change that can affect benefits is moving abroad

The main change that can affect benefits is moving abroad
PHOTO: Shutterstock

Marriage certificate, divorce decree, naturalization certificate showing new name, court order approving the name change. If doubts persist, it is advisable to assist the corresponding authority in clarifying doubts.

Meanwhile, the main change that can affect benefits is moving abroad (if you are a U.S. citizen who has decided to leave the country, you may not be able to receive your benefits), according to The Sun.

What if you are in prison?

What if you are in prison?
PHOTO: Shutterstock

In addition, your Social Security benefits will be suspended immediately if you are convicted of a criminal offense and sentenced to jail or prison for more than 30 continuous days. Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI) payments are also generally not payable during the months you are incarcerated.

However, once you are released, SSA will reinstate your benefits beginning the month following your release. Therefore, it is very important to be aware of any changes or alterations to your benefit if there is a change in your identity, location, or release. For more information, visit the official Social Security website.