The Return Of The $943 Social Security Payment – New Payment Date Announced In July

It has been confirmed by the Supplemental Security Income (SSI) program that recipients of qualifying benefits would receive another round of payments in fewer than eighteen days. SSI beneficiaries will get a Social Security payment of up to $943 on Monday, July 1.

These disability benefit payments are intended only for low-income elderly people, disabled people, and some children who fit the SSI income and resource requirements. SSI claimants do not needed to have made Social Security contributions prior to being disabled, in contrast to those who receive Social Security Disability Insurance (SSDI).

Eligibility And Amounts

Recipients are eligible for up to a maximum amount, depending on their situation. Single filers, joint filers, and significant others who reside with SSI beneficiaries in order to provide care are among the categories.

Dependents may get up to $472 per month, and couples filing jointly may receive up to $1,415 per month. Because of inflation, these sums have grown by 3.2% from the prior year.

People must be at least partially blind or have a medical or mental illness that has severely limited their capacity to conduct everyday tasks for at least a year, or that is predicted to result in death, in order to be eligible for SSI benefits.

Double Social Security Payment

Another good news item for August is that blind people, those 65 years of age or older, and people with qualifying disabilities who have limited income and resources will receive double the SSI payment.

Children who are blind or disabled may also be eligible for these extra payments. These benefits are administered by the SSA to help those who are in need of money. Individuals, couples, and average beneficiaries will get $1,316, $1,886, and $2,830 in August, respectively.

Monthly Benefits

Another increase in monthly benefits is anticipated later this year, according to the Social Security Administration (SSA). For beneficiaries of SSI, the SSA will double benefits in accordance with modifications to the Cost of Living Adjustment (COLA).

As the SSA adjusts payments in response to these modifications, it is important to understand payment dates and benefit amounts.

Give yourself at least three mailing days before contacting if your doubled SSI payment does not show up on the date specified. Payments by direct deposit should be accessible on the appointed day; however, the precise time may change based on how your bank processes the transaction.