The Social Security Administration just announced that today will be the last day that people who get Supplemental Security Income (SSI) will get paid. People who want to get this SSI payment must have met certain income and resource requirements in the past and be over 65, disabled, or children in certain financial situations.
If it’s not a holiday or weekend, the SSA sends one SSI payment every month on the first of the month. When this happens, the federal agency moves the payment date to the work day before.
Because of this, people who get SSI were supposed to get two checks on August 1st and August 30th. Once these payments are sent, the SSA will start making payments again for this scheme based on how Social Security normally pays:
- October: Tuesday, 1st of the month
- November: Friday, 1st of the month
- November (December): Friday, 29th of November
- December (January 2025): Tuesday, 31st of December
It’s important to stress that you should wait at least three mailing days before calling Social Security’s customer service if your SSI payment doesn’t come on time. Also, keep in mind that the 3.4% increase from the cost-of-living adjustment (COLA) that was set last October is already part of these regular benefits.
The SSI payment varies based on the filing category during the application procedure
In general, SSI payments are given every month in all 50 states, the District of Columbia, and the Northern Mariana Islands. That being said, keep in mind that states and other areas can raise SSI payments and add in other nationally regulated payments.
Without SSI payments, a lot of disabled, elderly, and children would not be able to take care of themselves and would probably be living in poverty because they would not have enough money or resources.
If applicants are accepted into the program, their SSI payment will be based on how much money they make each month, whether they are filing as an individual or a couple, and what other means they have. According to SSA’s rules, people who qualify for this scheme could get the following amounts in SSI payments in 2024:
- Individuals: those recipients who filed as individuals can expect to receive $698 on average and up to $943 per month.
- Couples: if you filed as a couple and meet all requirements you could be entitled to receive up to $1,415 in monthly benefits.
- Essential person (EP) category: for those recipients who meet the EP’s conditions they can receive an extra payment of $472.
Remember that in order to get the extra payment for being an important person, you must meet the specific requirements set by the Social Security Administration for this group. You can always look at the Code of Federal Regulations, which is written by a federal body and lists all the rules you need to follow.
Social Security is simplifying the SSI payment application process to expand the financial program in the US
Based on the legal definition the agency has to follow, the Social Security Administration helps disabled people meet their basic needs and keep up a better standard of living. In both programs, the government has a five-step process to see if an adult is eligible for Social Security Disability Insurance (SSDI) or Supplemental Security Income (SSI).
The new rule also aims to make it easier for people with disabilities to get government benefits and services while also cutting down on the costs of administration for claimants by making it easier to find out about someone’s work past.
From June 22, 2024, on, the office will only look at work from the last five years instead of the fifteen years before. This change should give front-line workers more information, make customer service better, cut down on wait times, and speed up case handling.
Work that was started and finished within 30 calendar days will also not be counted. The new rule is meant to give people applying for SSI enough information to make smart decisions and make it easier for them to focus on their most recent relevant work.
Also See:- Official IRS Notice: 401(k) Retirement Account Rules Have Changed