Millions of people in different parts of the U.S will soon receive a $1,415 direct deposit in 13 days through the Supplemental Security Income (SSI) program. It is important that you stay up to date about these benefits to ensure that you receive your payment on time. Additionally, you need to know the exact amount you can receive as your SSI payment so that you can plan your expenses accordingly.
Why do most Americans receive SSI?
The Supplemental Security Income (SSI) payment by the Social Security Administration (SSA) provides financial help to the disabled, old and poor. It is a program that assists in the provision of such basic things as housing, food, and clothing. SSI however is very important to so many individuals who might not have any other source of income.
Basically, if you are unable to work as a result of age or disability, then SSI payment will provide you with some money to cater for your vital expenses. SSI stands in a sharp contrast with Social Security’s benefits which are only given to individuals based on their employment history. SSI is not linked to the amount of Social Security you contributed during your working life.
Who is eligible to receive SSI?
According to the SSA, it is not everybody that is eligible for SSI, here are the requirements to be considered eligible for SSI payment:
- Be 65 years old or below 64 with a disability
- You are blind or disabled (whatever age), and
- Have a limited income or resource.
If you are under the age of 18 and or over 65 with a low income and resource or you have a disability then you may be eligible. However, not having a disability does not disqualify you from applying for SSI if you are of the right age and have a small income you can apply. Moreover, it’s good to point out that some non-citizens might be eligible but only in certain lawful residency situations.
What is the maximum amount you can receive?
According to the SSA, there are different amounts you can get each month as your SSI based on factors like your income and living situation. Have a look at the breakdown below:
- For individuals, the maximum SSI payment for 2024 is $943 per month.
- For couples, the maximum amount rises to $1,415 per month. This applies if both partners are eligible for SSI.
- There’s also a category known as an essential person, which refers to someone who lives with you and provides necessary care, especially someone who has lived with you (an eligible person) since December 1973. If you have an essential person, they can receive $472 per month to help with living expenses.
It’s important to remember that your payment amount might vary based on additional income or your living arrangements. For example, if you have other sources of income, your SSI payment could be lower, as the program aims to provide supplemental income based on need.
What is the best way to receive SSI payments?
You have a couple of options for receiving your SSI payments, and it’s a good idea to choose the one that works best for you. The easiest and most common way is through direct deposit into your bank account. This method is fast, reliable, and ensures you get your money without worrying about delays in the mail.
If you don’t have a bank account, you can opt for the Direct Express Debit MasterCard, a prepaid card provided by the Social Security Administration (SSA). With this card, your payments will be loaded onto the card each month, and you can use it just like any other debit card.
Another option is receiving a paper check in the mail, but this method is generally less secure and may be subject to delays, especially with changes in mail delivery times. Direct deposit or the prepaid card are usually safer and quicker.
What to do if your payment is delayed?
Sometimes, despite the best efforts of everyone involved, your payment may be delayed. If this happens, it’s important not to panic. There are a few steps you can take to resolve the issue.
- Wait a few days: Sometimes payments are late due to processing delays, and they may arrive a day or two after the expected date. Check your bank account or prepaid card first.
- Contact Social Security: If your payment still hasn’t arrived after a reasonable time, reach out to the Social Security Administration directly. You can call their toll-free number at 1-800-772-1213 or visit your local SSA office.
- Check your mailing address or banking information: If you’ve recently moved or changed banks, make sure your information is up-to-date with Social Security. Incorrect information could lead to delays.
Go to the SSA website to learn more on how to report a missing payment.
