May Social Security direct payment worth $967 goes out today
The article discusses the upcoming Supplemental Security Income (SSI) payments scheduled for May, with each payment potentially reaching up to $967. Thes payments are aimed at millions of beneficiaries who face debilitating disabilities impacting their income. To qualify for SSI, individuals must be partially blind or have notable physical or mental conditions that limit their daily activities for at least 12 months or are expected to result in death. The payment amounts vary based on several factors, including whether the individual is filing alone or jointly. Notably,a 2.5% increase in the payment amounts has occurred since last year due to inflation. It also clarifies that SSI payments are separate from regular Social Security benefits, and eligibility for one does not guarantee eligibility for the other. Recipients can utilize an SSA calculator to determine their total payments.
May Social Security direct payment worth $967 goes out today
May’s Supplemental Security Income payment, worth up to $967, will go out to millions of beneficiaries today.
SSI payments are given to people living with debilitating disabilities that affect their income, according to the Social Security Administration.
To meet eligibility requirements, filers need to be at least partially blind or have a “physical or mental condition(s) that seriously limits their daily activities for 12 months or more or may be expected to result in death.”
The amount received depends on several factors, including the number of people filing. Applicants filing as individuals can receive up to $967 per month, couples filing together can receive up to $1,450, and essential persons who provide SSI recipients with necessary care can receive up to $484. Inflation has caused these amounts to increase by 2.5% since last year.
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SSI payments and regular Social Security benefits are not connected. Those who receive Social Security payments do not automatically qualify for SSI payments, and vice versa.
Recipients can use an SSA calculator to figure out their payment totals.
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