We Can't Wait Act of 2024

This bill allows individuals applying for Social Security disability benefits to elect to receive payments during their standard 5-month waiting period instead of waiting for benefits to start. Applicants can make this election during specific timeframes, such as when filing an initial application, requesting reconsideration, or scheduling a hearing, with options to later revoke the election. If elected, the benefit amount for the first 36 months is reduced to 93.9% of the standard benefit (adjusted annually after that), and the Social Security Administration must update application forms to include this option. The bill affects people applying for disability insurance benefits under Social Security, providing an early payment option with a defined benefit adjustment period.