Millions of SSI claimants will get their first December payment up to $914 today

December 8, 2022 Benjamin Noah Stimulus Check 0

Stimulus: Americans homeless individuals to receive direct monthly payments of up to $1,000: Check If You are eligible

Supplemental Security Income benefits are usually sent out on the first of the month, meaning claimants should receive their checks today. Around eight million Americans qualify for SSI, and the maximum amount beneficiaries can pocket for 2022 is $841. But, claimants will also receive their second monthly installment on Friday, December 30.

It is an early payment for January 2023 and considers the new cost-of-living adjustment. The check will reflect the 8.7 percent COLA for 2023, designed to offset inflation. This means that the maximum amount they can get is $914. Meanwhile, qualifying couples will receive up to $1,371 a month next year. According to the new calculations, an essential person will be able to pocket $458.

See Also:  El Monte to Give Out $500 Monthly Checks to Low-Income Households

Claimants will receive their January payment slightly early because the first falls on a Sunday.

Whenever that happens, the Social Security Administration (SSA) sends the checks on the nearest business day. January 1 is also a holiday, as it is New Year’s Day. SSI claimants also received two payments in April and September.

The Social Security program provides financial support to needy persons aged 65 or older, blind or disabled adults, and blind or disabled children. But, it depends on Americans’ assets whether or not they can qualify for the benefit.

BENEFITS BOOST

Individuals can’t have more than $2,000 in assets to meet the requirements, while couples can have up to $3,000.

Stimulus check dollar (5)

But the SSA exempts some things you own, which include the following

  • Life insurance policies with a face value of $1,500 or less
  • Your car (usually)
  • Burial plots for you and members of your immediate family
  • Up to $1,500 in burial funds for you and up to $1,500 in burial funds for your spouse
  • The home and land where you live.
See Also:  Child Tax Credit Bill: Assembly Panel To Discuss Amendments

Dozens of states have boosted SSI payments to help cash-strapped claimants.

Amounts vary by state, but New York offers an extra $87 a month for individuals or $104 for couples. Meanwhile, Alabama couples see a $120 boost. Colorado, Connecticut, Florida, Illinois, Idaho, Maryland, and Massachusetts are among the states that offer a supplement. Officials in Mississippi, Arizona, Arkansas, Tennessee, and North Dakota do not provide a state supplement to SSI recipients. State supplements are typically paid at the same time as federal benefits.

Source link

Related Stories:

SC-Social-Security-Off-Plat-copy.jpg4th stimulus check: Will Social Security and SSI claimants get a payment Social Security COLA: Expected Benefits Retirees Will Receive In 2024Millions of Americans will receive $914 from Social Security in December 2023: Are you eligible? BT SugaInstagramHow BTS’ Suga Overcame Depression and Became an Inspiration for Millions USD 1415 Stimulus: Millions Set to Receive Checks in 2 Weeks$1415 Stimulus Checks: Millions of Americans Set to Receive Payment in 2 Weeks Stimulus 2023: Millions of Americans Can Receive A One-Time Payment Between $4,000 & $8,000Stimulus 2023: Millions of Americans Can Receive A One-Time Payment Between $4,000 & $8,000 Social Security Recipients to See Up to $1,800 Payment on December 13thSocial Security Recipients to See Up to $1,800 Payment on December 13 Thirteen-stimulus-updates-you-must-know-for-August-2022-ahead.jpgMillions of Americans to receive $1,657 direct payment TOMORROW – but only if you were born on one of these 11 dates 4th Stimulus 2022: Millions of Californians To Receive A $1,050 Inflation Relief Payment
Benjamin noha
About Benjamin Noah 168 Articles
Benjamin is an all-around geek who loves learning new stuff every day. With a background in computer science and a passion for web-based technologies and gadgets and focus on writing about Web Trends, Smartphones, and Tablets.