The Social Security Administration has begun sending money so that SSI beneficiaries can receive their monthly check. These payments are essential because the recipient has a low income.
So they rely on that money to make ends meet. Note that there are 3 reasons to qualify SSI, except he has little money and almost no resources. For example, you can get SSI if you have a disability.
Of course, not all disabilities may allow you to get this check. Social Security has a very strict definition, and if your disability doesn't meet it, you won't qualify. SSI is also for people who are blind. What's more, you may be eligible for Supplemental Security Income if you're 65 or older.
WHO IS GETTING SSI PAYMENTS TODAY?
Unlike Social Security retirement benefits, Supplemental Security Income payments are to all beneficiaries on the same day. So all Supplemental Security Income recipients will receive their check on February 1st.
Obviously, to get SSI payments, you must have been approved by Social Security. Even if the SSA does not fund Supplemental Security Income, they administer the payments and verify eligibility.
The thing is Social security has scheduled a retirement and impairment payment for February 2nd. As some low-income beneficiaries may receive SSI and Social Security, you might get another payment tomorrow.
So if you have no savings and a lot of expenses, you will soon have all your money. This will allow you to pay any debts or loans due in February a day early. But what about the amounts?
SUPPLEMENTARY INSURANCE INCOME AMOUNTS IN FEBRUARY 2024
If you get Supplemental Security Income in 2024, the biggest check you can get is $943 if you're single. Some eligible married couples can receive up to $1,415.
Most, however SSI beneficiaries may have other income, so they may receive much less. In fact, the average Supplemental Security Income cost $674 as of December 2023.
Principals can also receive supplementary insurance income. However, their size is much smaller. The largest check for essentials was $472, up from $458.
If you receive SSI and Social Security Disability or Retirement benefits, you will get more money. The average retirement check is worth $1,907 and the average disability benefit is about $1,537. Expect smaller amounts if you also receive Supplemental Security Income.