If you qualify for Supplemental Security Income (SSI) benefits, keep an eye on your bank account. You have seven days left to receive your next SSI payment. This payment is crucial for many people, helping them cover basic needs like food and housing.
SSI Payment Details
If you filed as an individual, you will receive $943. Couples will get $1,415. Some beneficiaries might see an increase of $472 if they meet the Essential People (EP) guidelines. This includes the 3.2% increase from the Cost of Living Adjustment (COLA) approved last year to help with inflation.
Who Receives SSI?
About 5 million low-income seniors, people with disabilities, and children qualify for SSI. This monthly payment is essential for their survival, providing steady income to help with necessities. The Social Security Administration (SSA) manages these payments in all 50 states, D.C., and the Northern Mariana Islands.
SSI Recipients Statistics
According to the Census Bureau:
- 8.6 million people receive SSI payments monthly.
- 62% are between 18 and 64 years old.
- 25% are seniors aged 65 and older.
- 12% are children under 18.
Additional Assistance Programs
Many SSI households also receive help from other programs:
- CHIP/Medicaid covers 84% of SSI households.
- 26% receive rental assistance.
- 20% get energy assistance.
- 65% benefit from SNAP (Supplemental Nutrition Assistance Program).
Emergency Advance Payments
If you are waiting for delayed SSI funds and face a financial emergency, you might qualify for an emergency advance payment. The SSA defines a financial emergency as an urgent need for money due to a threat to health or safety. This could be due to insufficient funds for shelter, food, clothing, or medical care.
Repaying Emergency Advances
If you receive an emergency advance, you will need to repay it later. The SSA will deduct the advance amount from your future SSI benefits, spreading the repayment over up to six installments.
Upcoming SSI Payment Dates
SSI recipients will not receive a payment in June. The next payment will arrive on July 1st. Here are all the upcoming payment dates for the year:
- July: Monday, 1st
- August: Thursday, 1st
- August (September): Friday, 30th of August
- October: Tuesday, 1st
- November: Friday, 1st
- November (December): Friday, 29th of November
SSI payments are vital for millions of people. They help cover essential needs and provide financial stability. Keep track of your payment dates and reach out for additional assistance if needed. Understanding your benefits can help you manage your finances better.
1. What is Supplemental Security Income (SSI)?
SSI is a government program that provides financial assistance to low-income seniors, people with disabilities, and children.
2. How much can individuals and couples receive from SSI?
Individuals can receive $943, and couples can receive $1,415 per month. Some may get an additional $472 if they meet certain guidelines.
3. What should I do if my SSI payment is delayed?
If your payment is delayed and you face a financial emergency, you can apply for an emergency advance payment from the SSA.
4. When are the upcoming SSI payment dates?
The next SSI payment will be on July 1st. Other dates include August 1st, August 30th, October 1st, November 1st, and November 29th.
5. What other assistance programs can SSI recipients benefit from?
Many SSI recipients also receive help from programs like CHIP/Medicaid, rental assistance, energy assistance, and SNAP.
