MJP –
Supplemental Security Income is known as SSI. Those who get a modest retirement or SSDI payout or who do not meet the requirements to receive Social Security benefits are eligible for this benefit.
The Supplemental Security Income (SSI) payments and direct deposits aid millions of Americans. You need to be at least 65 years old, have a disability, or be blind in order to qualify for this money. Low income is also a requirement.
Maintaining your eligibility is just as important as filing and approval. However, when exactly are we to expect these funds?
Disability benefits from the federal government will be sent out in six days.
The next scheduled SSI payment in the US is October 1, according to the Social Security Administration. No other payment date will be given to any beneficiary other than this one.
These payments do not yet cover the 2025 COLA, even if it does cover the 2024 rise. On December 31, 2024, a new cost-of-living adjustment (COLA) will be implemented.
Due to January 1 being a federal holiday and Social Security never sending money on New Year’s or any federal holiday, this will be the date. Including weekends.
Benefits for SSI recipients on October 1
As of October 1, 2024, the highest amount that can be received by an individual is $943. If you are a vital person, nonetheless, the sum can be somewhat lower—for example, $472.
Social Security’s Decision: No SSI Payments Until October 2024—Are You Affected?
The maximum benefit for a married couple is $1,415 (not twice as much as for an individual). Actually, it’s a lot less. Your Social Security benefits will be handed out on October 3, 2024, if you are receiving both SSI and SSDI or retirement benefits on October 1, 2024.
Two payments will be sent to you in less than a day. On average, SSI pays out just $698 per month, whereas retirement benefits pay out around $1,920.
About $1,539 is what SSDI can earn. Keep in mind that if you have other sources of income, your Supplemental Security Income payment can be smaller than the average.
$743 for an individual
Couples receiving $1,415
$2,472 for necessary individuals
