February Social Security Direct Payment Set at $943: Individual registrants may receive the first Supplemental Security Income payment of the year, in which the maximum amount is $943, in less than one week.
The payment, which is the first check of 2024 due to a scheduling complication on the part of the Social Security Administration, will be issued on Thursday, February 1, six days from now.
Depending on how they submit their payment request, an individual can receive a maximum amount. When it comes to filing, individuals, joint-person entities, and essential persons comprise the three categories.
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The Social Security Administration (SSA) reports that this year, eligible couples will receive $1,415 per month, while essential persons who reside with SSI recipients and provide them with necessary care will receive $472 per month. Individual filers will receive a maximum of $943 per month.
The utmost payment may not be awarded to all recipients; however, filers have the option to access a personalized estimate via the SSA’s calculator. These figures reflect a 3.2 percent increase since 2023.
A person must be wholly or partially blind or have a “physical or mental condition” that significantly restricts their daily activities for a minimum of 12 months, or that has the potential to cause death, to qualify for Supplemental Security Income (SSI).
SSI was established in 1974 to provide additional aid to those who are considered vulnerable, such as the elderly, the handicapped, and those with other incapacitating conditions.
In addition to their regular Social Security benefits, the recipients receive monthly payments. These payments are available to children and individuals who have limited income and are blind or have another disability.
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