SSI payment of $914 will be received in 22 days.
Supplemental Security Income Program: September Payments
Exciting news for participants of the federal Supplemental Security Income program! According to the Social Security Administration’s calendar, the first payment for September is just over three weeks away. Individual filers can expect to receive up to $914 in their first installment.
The payment will be sent out on Friday, Sept. 1, and this month, there’s a special treat. Instead of the usual single payment, beneficiaries will receive two payments. This scheduling kink means that the second payment in September will replace October’s check. Mark your calendars for Friday, Sept. 29, when the second payment will be sent out.
Why the Double Payment?
Normally, recipients receive one payment per month. However, this year, there are four months where beneficiaries will receive two checks. In March, June, September, and December, you’ll get an extra boost. This is because the 1st of the month falls on a weekend in April, July, and October, and Jan. 1 is always a holiday.
Don’t worry, though. The adjusted schedule ensures that you’ll still receive 12 checks per year. The months without payments are April, July, October, and January.
How Much Will You Receive?
The amount of money you’ll receive depends on how you apply for the benefits. Eligible couples can receive up to $1,371 every month. If you file independently, you can expect as much as $914 per month. Essential individuals who live with and care for SSI recipients receive a monthly payment of up to $458.
It’s important to note that not every recipient receives the maximum payout. The exact amount you’ll receive will depend on your specific circumstances.
Qualifying for the Program
In order to qualify for the Supplemental Security Income program, you must be over 65 and meet specific financial requirements. However, individuals under 65 may also qualify if they are partially blind or have a physical or mental condition that significantly limits their daily activities for at least one year or is expected to result in death.
Children can also qualify for SSI payments if they are blind or have a physical or mental condition that seriously limits their daily activities for at least a year or is expected to result in death. Additionally, their parents must have limited income or savings.
SSI payments have been issued since January 1974, and payment rates have increased for annual cost-of-living adjustments since 1975. Based on June’s numbers, the COLA increase for 2024 is projected to be approximately 3%. However, the exact increase will not be released until Oct. 12.
For more information, click here to read more from The Washington Examiner.
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