According to the SSA’s plan, the next payment for those receiving Supplemental Security Income (up to $914 for individual filers) will be disbursed in 24 days.
Since there were no distributions in July, the payment that is due to go out on Tuesday, August 1, will be the first for beneficiaries since June. Due to an odd scheduling issue, July’s payment was due on the 30th of June, resulting in two payments in June.
Social Security Essential Person Payments
Even while some months may see two payments and others may see none, the altered schedule guarantees that all recipients will still get 12 payments annually.
This year, two payments will be made in the same month on four separate occasions: March, June, September, and December. This is due to the fact that January 1 is always a holiday and the first of April, July, and October fall on weekends this year.
Inheritors receive different sums of money depending on whether they file as single, married, or dependent. The Social Security Administration (SSA) reports that monthly SSI payments range from $914 for individuals to $1,371 for couples, with an additional $458 available to essential persons who reside with SSI recipients and provide them with the necessary care.
Financial Conditions for SSI Eligibility
To be eligible for Supplemental Security Income (SSI), an individual must be blind or have a severe physical or mental impairment that is likely to last for at least 12 months or result in death, or be over the age of 65 and meet certain financial conditions.
The sums are not included in seniors’ regular Social Security payouts. Adults and children with low incomes and disabilities are eligible to receive monthly benefits from the Supplemental Security Income (SSI) program.
Cost-of-living adjustments have been made to SSI benefits every year since 1975 when the program was originally implemented.
Read Also: Social Security Update: Millions to Receive Direct Payments of up to $4,555 in Eight Days
Source: WASHINGTON EXAMINER via MSN