February’s Social Security direct payment of $943 will be sent out in six days
The First Supplemental Security Income Payment of 2024
Get ready for some good news! The first Supplemental Security Income (SSI) payment of the new year is just around the corner. In less than a week, recipients will receive their much-awaited checks.
This year, the payment is even more exciting because it’s the first check of 2024. Due to a unique scheduling quirk in the Social Security Administration’s calendar, the payment will be released on Thursday, Feb. 1.
How Much Will You Receive?
The amount you’ll receive depends on how you filed for the payment. There are three categories: individual, joint, and essential person.
- Individual filers can expect up to $943 each month.
- Eligible couples will receive up to $1,415.
- Essential persons, who provide necessary care to individuals receiving SSI payments, will get up to $472 each month.
Remember, not everyone will receive the maximum payment. To find out how much you’re eligible for, use the SSA’s calculator for a personalized estimate. These amounts are a 3.2% increase from 2023.
Who Qualifies for SSI?
To qualify for SSI, you must be totally or partially blind or have a physical or mental condition that seriously limits your daily activities for at least 12 months or more, or may result in death.
The SSI program, established in 1974, aims to provide extra assistance to vulnerable individuals, including the elderly, blind people, and those with debilitating disabilities.
These payments are in addition to regular Social Security benefits and offer monthly financial support to adults and children with blindness or other disabilities and limited income.
So, mark your calendars and get ready for that SSI payment. It’s just a few days away!
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