
Waiting for the new SSI? Official upcoming dates and requirements for this benefit
Remember that there are two requirements for this benefit: being 65 years of age or older or having a disability and having a low monthly income.
Remember that there are two requirements for this benefit: being 65 years of age or older or having a disability and having a low monthly income.
This calendar adjustment does not alter the total annual amount SSI recipients receive, but represents an opportunity to better manage income during the holidays and beginning-of-year expenses.
In addition, beneficiaries who get their payments by direct deposit usually get the funds in their bank account on the scheduled date without delay, which is an advantage for those who rely on this monthly income.
For SSI recipients, this $288 increase in their annual payments, due to the COLA, represents a significant relief from the rising cost of living in areas such as housing, food and health care.
Before the end of August, the Social Security Administration will send an extra check to eligible United States citizens.
In general, we will have no problem determining at what time of the month the Social Security Administration will pay us each of the checks, but sometimes we may have certain irregularities in the payment.