Social Security update: In just over a month, millions of Supplemental Security Income recipients will receive their sole February payment, which is worth up to $943 for individual filers.
The payment will be issued in 33 days, on Thursday, February 1, 2024, which is the first day of the 2024 calendar year. Due to a scheduling error in the calendar of the Social Security Administration, recipients received two payments in December but none in January.
Social Security Income December: When will SSA payments will be coming next month?
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Each person receives a different amount depending on whether they are an essential person, a joint filer, or an individual filer. As compared to 2023, the quantities have risen by 3.2%.
The Social Security Administration (SSA) reports that this year, monthly payments for essential persons who reside with SSI-receiving individuals and provide them with necessary care will amount to $472, while eligible couples will receive up to $1,415 each.
While not all applicants will be granted the utmost payment, they can access a personalized estimate via the Social Security Administration’s calculator.
Supplemental Security Income (SSI) payments are in addition to the regular Social Security benefits received by children and individuals with limited income and blindness or another disability receive monthly payments. An individual must be completely or partially blind or have a “physical or mental condition” that significantly restricts their daily activities for a minimum of 12 months or more, or that has the potential to cause mortality, to qualify for Supplemental Security Income (SSI).
The SSI program, which was established in 1974, aims to provide additional aid to the most vulnerable members of society, such as the elderly, impaired, and disabled. The program’s goal was to establish a minimum income level that state assistance programs would then supplement.
According to an annual report from 2011, the program achieved a momentous milestone by transferring the authority to ascertain eligibility for state assistance to the federal government.
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