Social Security Update: Direct SSI payment worth $914 arriving in nine days

SSupplemental Security Income recipients will receive their next monthly payment of $914 in nine days.

The money from this SSI payment will allow recipients to pay for basic everyday items and goods such as food and shelter. These payments from the Social Security Administration, which will be sent to recipients on February 1, are intended to help the elderly, blind and disabled who have little or no income of their own, according to the SSA.

SUPREME COURT TO HEAR QUESTION FROM JUSTICE HOME OF MINNESOTA

SSI-eligible spouses and essential persons—that is, someone who lives with a person receiving SSI and provides necessary care—will also receive a payment from SSA on February 1. Couples will receive $1,371, while essential individuals will receive $458, according to the administration.

Recipients of these payments are not getting paid this month because they received two payments in December: one on December 1st and the second on December 30th. The latter served as January’s SSI payment.

The SSA usually gives its SSI payment to recipients on the first of the month, with 12 payments issued by the administration each year. However, when the first day of a month falls on a weekend or holiday, payments for that day are made on the last business day of the previous month. This was the case for the payment made on December 30.

CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER

This year, SSA will issue double payments to recipients in March, June, September, and December because the first day of the following month falls on a weekend or holiday, according to SSA’s 2023 calendar.

Payments to SSI recipients this year will be slightly higher than payments issued in 2022 because of a cost-of-living adjustment made by the SSA. The payment amount issued to recipients in 2022 was $841. This year’s payout is 8.7% higher to reflect the adjustment.

Source link