If you get Supplemental Security Income (SSI), which is run by the Social Security Administration (SSA), you may be thinking when your next $943 payment will come.
People with disabilities or who are old and don’t have a lot of money or resources can get help from this program to make sure their basic needs are met. We’ll talk about when your next payment will be and why it might come early some months in this piece.
You may have noticed that in September you didn’t get your regular SSI payment. This doesn’t mean that the payment was lost or that the program was held up, though. The reason for this is that the September payment was sent out on August 30. It happened this way because the due date, September 1, was a weekend.
Why was there no Social Security payment in September?
It is clear that the Social Security Administration (SSA) will move the payment date to the last business day of the previous month if the first of the month comes on a non-business day, like a holiday or weekend. In this case, August 30 was chosen as the date to make sure that the recipients got their money on time.
Next SSI payment: When will you receive it?
The next deposit for people who get SSI is set for October 1, which is a Tuesday. If you are one of the people who get the $943 payment every month, you can expect to see your next deposit on that date without any problems.
In the months to come, this will happen again, unless the first day of each month is a holiday or weekend. In that case, the deposit will be made earlier, just like it was in August. You should keep an eye on the calendar and know that your payment might come in before the due date.
Who is eligible to receive SSI?
The goal of the Supplemental Security Income (SSI) program is to help people who are weak and don’t have a lot of money. In order to be eligible for SSI payments, applicants must meet certain standards, such as:
- Elderly individuals: People over the age of 65 who do not have sufficient income to meet their basic living expenses.
- Individuals with disabilities: Those with a physical or mental condition that prevents them from performing daily activities for at least 12 months, or whose condition is expected to lead to death.
- Individuals with partial or total blindness.
This program is especially helpful for people who don’t qualify for Disability Insurance because of their work experience, since SSI is for people who are in need and don’t have much money.
How much can you receive with SSI?
The amount of money provided through the SSI program varies based on the personal circumstances of the applicant. Here’s a breakdown:
- Single individuals: Eligible individuals can receive up to $943 per month.
- Couples: If both spouses qualify for the program, they can receive up to $1,415 per month.
- Essential persons: Individuals who provide care and support to SSI beneficiaries, known as essential persons, can receive up to $472 per month.
These payouts are very important to make sure that people who get SSI can meet their basic needs, like housing, food, and medical care. It is important to note, though, that these amounts may be a little different based on what other income sources the applicants may have.
What happens if a payment is made early?
As we already said, SSI payments may be made early if the due date comes on a day that isn’t a business day. This does not mean that you will get less money. It just means that the deposit will come in earlier than normal. This took place in August, when the payment for September was sent out on August 30 instead of September 1 because of a holiday.
People who get Social Security should know about this kind of early payment because the government follows this rule when the normal payment day falls on a holiday or weekend. To avoid any shocks, it’s smart to keep this in mind as you plan your money.
What should you do if you don’t receive your payment?
If October 1 comes and goes and you still haven’t gotten your SSI deposit, you should wait an extra day or two. There may be small problems with the bank transfer process. Sometimes these delays happen, but not very often.
If you’ve been waiting a few days and still haven’t received your payment, you should call the Social Security Administration. When you call, make sure you have your personal information and any papers that prove you are in the program ready. You should also check your bank account ahead of time to make sure there wasn’t a problem on the other end.
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