If you rely on SNAP (Supplemental Nutrition Assistance Program) benefits, also known as Food Stamp. The USDA (United States Department of Agriculture) is about to roll out an increase in payments starting in October 2024. This change, known as the Cost of Living Adjustment (COLA), will impact how much money you receive. Let’s know what this means for you.
Table of Contents
What’s the Big News?
The USDA recently announced that a COLA adjustment is coming to SNAP benefits. This means that many people who receive Food Stamps will see an increase in their monthly payments. In some places, like Alaska, the benefits could go as high as $586 per month. Even though not everyone will see this maximum amount, most states will see some increase.
Why Is This Happening?
The COLA adjustment is an annual update that helps SNAP benefits keep up with inflation and rising living costs. As food prices go up, so does the need for additional support to help families afford groceries. This year, the adjustment will be put into place in October 2024, so you can expect to see a little more money coming your way soon.
How Much Will You Get?
While the highest increase will be in Alaska, where benefits can reach up to $586, most other states will also see an increase. For many states, the new maximum will be $292 per family member. It might not seem like a huge boost, but every little bit helps when it comes to feeding your family.
What’s Different in Hawaii?
Interestingly, Hawaii is the exception to this trend. Instead of an increase, Hawaii will actually see a decrease in their Food Stamp maximum allotments. So if you’re in Hawaii, be prepared for that change.
When Will This Take Effect?
The new COLA adjustment will come in starting October 2024. This means you’ll start seeing the increase in your SNAP benefits from that month onward. However, until then, you’ll need to wait a bit longer before these changes are reflected in your payments.
Remember August payment also
Before the October adjustment takes place, the USDA will still be sending out SNAP payments in August 2024. Each state has its own schedule for these distributions, so make sure you know when to expect your payment. Here’s a quick overview.
August Payment Schedule
- Alabama: August 4 to 23
- Alaska: August 1
- Arizona: August 1 to 13
- California: August 1 to 10
- Florida: August 1 to 28
- (and so on for other states)
This is just a partial list, so be sure to check the full schedule to see when your state is sending out payments.
How to Check Your Balance?
To stay on top of your SNAP benefits, regularly check the balance on your EBT card. This is an easy way to make sure your funds are available and to see if the new COLA adjustment has been applied to your account.
How Does COLA Affect Different States?
The way COLA impacts SNAP benefits can vary depending on where you live.
Federal Adjustments
Every year, the USDA adjusts SNAP limits using the Consumer Price Index (CPI) and COLA. In 2024, the adjustment was 3.1%, which led to a slight increase in benefits nationwide. This adjustment helps ensure that SNAP benefits keep pace with rising living costs.
State-Specific Changes
While the USDA sets the baseline, each state can decide how to apply these adjustments. Some states choose to pass along the full increase to recipients, while others may keep benefits the same as before. For example, states like California, Texas, and Florida raised their SNAP allotments in 2024 to match the COLA increase.
Other Factors
How each state calculates income and expenses can also affect your SNAP benefits. Even with the same federal COLA increase, the actual amount you receive might differ from state to state.
Conclusion
These upcoming changes to SNAP benefits are designed to help you better manage your food expenses as living costs rise. While the increase may not be huge, it’s definitely a step in the right direction. Keep an eye on your EBT card balance, stay informed, and get ready for the October adjustment.
Stay tuned for more updates as we get closer to October, and make sure you’re prepared for these changes to your SNAP benefits.
FAQs
When will the COLA adjustment for SNAP benefits take effect?
In October 2024.
What is the maximum SNAP benefit in Alaska after the COLA adjustment?
Up to $586 per month.
Will all states see an increase in SNAP benefits?
Yes, most states will see an increase, except Hawaii, which will see a decrease.
How much will SNAP benefits increase for most states?
Up to $292 per family member.
What is the purpose of the COLA adjustment?
To keep SNAP benefits in line with rising living costs due to inflation.
When can I expect the August 2024 SNAP payments?
Payment dates vary by state, ranging from August 1 to August 28.
Leave a Comment