The recent announcement by the Social Security Administration to pay beneficiaries of SSI up to $4,873 in November. Learn about the reason behind this announcement and how you can be eligible for this payment.
Social Security Administration Announcement
Every month the SSA conducts various rounds of payment for about 71 million individuals benefiting from retirements, survivors, and disability insurance (RSDI), not to forget those who are eligible for the Supplemental Security Income monthly payment.
Furthermore, there will be a slight change to the normal schedule in November. Beneficiaries of SSI will be receiving an additional payment on the 29th of November 2024.
One of the reasons for this advanced payment is because the 1st of December falls on a weekend. When this occurs, the Social Security Administration rescheduled the payment dates due to the preceding business day.
It is very vital to understand that this is not an additional payment; rather, it is an advance payment for December benefits. In other words, beneficiaries of SSI will not receive their regular payment on the first of December.
Who qualifies for Social Security in November?
The supplemental security income, which is scheduled for November, is spearheaded towards seniors who are over the age of 65 and with a low income, disabled adults, and children who are under specific financial circumstances.
Most importantly, beneficiaries will have to meet a certain income and resource threshold, which is currently $2,000 for individuals and $3,000 for couples.
The ISS is a program specifically meant to assist people who are facing financially tough times, irrespective of their beneficiary’s birth date or the time that they must first be claimed.
Key dates in the Social Security payment calendar
Ensure that you do not miss this payment. Below are the confirmed dates for social security payments for the rest of the year:
- Friday, August 30 (SSI payment for September 1)
- Tuesday, October 1
- Friday, November 1
- Friday, November 29 (SSI payment for December 1)
How much does Social Security pay in monthly benefits?
The Social Security Administration has been providing monthly benefits to millions of American citizens as well as residents; this is aimed at providing a kind of relief to the inflation and cost of living, and it also helps to secure their retirement as well.
The association determines one’s eligibility for monthly payment based on several factors, which could include full retirement, age, work history, type of disability, and contributions to society.
Furthermore, for the people who are benefiting from the SSI, the payment amount is calculated by their income and resources; it also includes the category in which they are claimed.
The Social Security Administration also initiated all the factors to access eligibility and established an exact amount for each beneficiary at the end of the month.
SSI beneficiaries who register as individuals and also meet eligible requirements can be paid up to $943 per month, while couples can receive up to $1,415 per
