The Social Security Administration (SSA) is responsible for organizing the monthly payments. SSI (additional insurance income) is no exception. According to the SSA payment schedule, the next check will be due on February 1, 2024.
For your info, SSI payments can have different amounts. Moreover, they are not for everyone. Only people with low incomes can receive supplementary insurance income.
If you exceed the income and resource threshold, you will not qualify for SSI. Also, if your financial situation improves while you are on Supplemental Security Income, you will lose your benefits.
WHO CAN RECEIVE $1,415 ON FEBRUARY 1, 2024?
The Social Security Administration updates the maximum amounts of additional insurance income. After the 3.2% increase, all benefits have changed. So people on pensions and disability will get more money.
To get $1,415, you must qualify for the largest amount of Supplemental Security Income in 2024. Only married couples can receive such a large payment. Of course, if you have other earnings, you may not qualify for the $1,415 check.
If you are not married but have the right to SSI, the largest check you can receive is $943. Remember it went up $29. It was just $914 in 2023.
Another option is to not qualify for the largest checks for married couples and individuals. In this case, you can get an average payment worth $674. Important persons can also collect SSI payments up to $472.
SSI ELIGIBILITY FOR FEBRUARY 1 PAYMENT
To receive Additional Security Income Payments, you must have submitted first. It is not possible to receive Supplemental Security Income if you have not applied for and been approved by Social Security.
Only applicants with low income and low resources can qualify. You must also be in one of the following situations. For example, you can get Supplemental Security Income if you are at least 65 years old.
If not, you may have a qualifying disability or be blind. Both adults and children may be eligible for Supplemental Security Income. Therefore, if your child has a disability, they can apply.
Unlike retirement or SSDI, there is only one pay day per month. Sometimes it looks like there are 2 checks a month, but it's actually next month's check paid in advance. If you're receiving pension or SSDI benefits and your payment is too low, it's time to apply SSI. Don't put it off any longer.