SSI Benefits: What is SSI Payment Schedule? Will SSI get a Fourth Stimulus Check?

SSI Benefits Ending

If you are over 65 years old or a potential Supplemental income beneficiary, then you must have a look at this article. Here, we have details on SSI Benefits: What is the SSI Payment Schedule? Will SSI get a Fourth Stimulus Check?

SSI Benefits

SSI, or Supplemental Security Income, is a federal program funded by the Treasury and administered by the Social Security Administration (SSA). It is described as a need-based program that helps people with limited income and resources who are unable to earn an adequate wage.

SSI pays monthly payments to people age 65 and older with limited income and resources and other adults and children who are disabled or blind. Federal and state laws determine the amount that retirees receive.

Important Links

  1. Child Benefit Payments
  2. Cost of Living Payment
  3. Housing Benefit Dates
  4. Benefit Payment Dates
  5. Worker Benefit Payment

In 2023, the federal SSI benefit rate is $1,371 for a couple or civil partner and $914 for an individual. More information about the SSI Benefits program is hidden within the article; please read along with us to learn more.

Understanding  SSI benefits

SSI provides monthly financial benefits to disabled adults and children, as well as the elderly. The payment under Supplemental income benefits increased in 2023 due to an increase in the Consumer Price Index (COLA) from the third quarter of 2021 to the third quarter of 2022.

SSI Benefits Ending

Please remember that Social Security and SSI are separate benefits with separate funding sources. This program is designed to supplement the incomes of people who are ineligible for Social Security or whose benefits are insufficient to cover basic living expenses.

As of July 2023, there were more than 2.3 million SSI recipients over the age of 65, accounting for 31% of all SSI recipients. To be considered for SSI, your monthly income must be less than a certain amount, the details of which are provided later.

SSI Benefits Overview

Article Title SSI Benefits
Complete Name Supplemental Security Income
Administered By Social Security Administration (SSA)
Funded By General Treasury Funds
Beneficiaries Elderly above 65 years and Disabled
  • Individuals: $914
  • Couple: $1,371
SSA Online Portal

SSI Benefits Qualification

SSI is a government-funded program aimed to help the needfuls and hence is regulated by certain eligibility requirements to avoid its exploitation. To be eligible for SSI benefits, you must meet all of the following requirements:

  • Are at least 65 years old, or are blind or disabled
  • Have a limited income from a pension or other sources, as well as limited resources.
  • Be a U.S. national or citizen or a lawfully permitted immigrant who complies with additional requirements.
  • Live in one of the 50 states, the Northern Mariana Islands, or the District of Columbia
  • Marital status and Family net income are also considered

You can use the SSA’s online ‘benefits screening tool’ to determine your eligibility for these and other programs. If you think you may be eligible for payments, call (800) 772-1213 or visit your local Social Security office to file a claim.

What is the SSI Payment Schedule?

SSI payments are usually made on the first of each month during the fiscal year. If that date falls on a federal holiday or on a weekend, SSI payments are delayed until the next business day. The regular SSI payment schedule then follows the set pattern in the subsequent month. Because November 1, 2023, falls on a Wednesday, payments will be made only on that day.

Important Links

  1. Child Benefit Payments
  2. Cost of Living Payment
  3. Housing Benefit Dates
  4. Benefit Payment Dates
  5. Worker Benefit Payment

If your check does not arrive on the specified date, you should wait three additional mailing days before contacting the SSA. If you haven’t received it yet, call 800-772-1213 between 8 a.m. and 7 p.m. on weekdays.

Will SSI get a Fourth Stimulus Check?

The Senior Citizens League, a nonpartisan advocacy group, called on the government to issue a one-time stimulus check of $1,400 to Social Security recipients. Following the initial stimulus checks, some lawmakers pushed for another, but the decision on dispersal is pending.

However, according to unofficial reports, a fourth stimulus check is unlikely to be distributed to Social Security recipients before the end of the year. There are currently no discussions about stimulus funds, so Social Security recipients should not expect a $1,400 check.

The SSA has announced that the stimulus payments will not be counted toward eligibility or payment of SSI benefits. Because SSI recipients typically have few resources and limited income, they are likely to qualify for full stimulus payments.

We are extremely overjoyed by your association with our portal to gain updates on SSA Benefits.

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By Sailza
A Certified Public Accountant specializing in personal finance and taxation. Sailza's engaging writing style and deep understanding of tax codes make her articles a must-read for individuals seeking to maximize their tax savings.
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