The first round of monthly payments from the Social Security Administration will go out on Friday, Dec. 1. The second payment, which replaces January’s installment, will go out exactly four weeks later, on Dec. 29. The double payment is because of a kink in the administration’s schedule that is in effect because Jan. 1 is a holiday.
The maximum payment that beneficiaries could receive varies depending on how they file for the benefits. For individuals, the maximum rate for payments is $914 per month. The maximum rate for eligible couples for monthly payments is $1,371. Essential persons, who live with someone receiving SSI and provide them with necessary care, receive a monthly payment of up to $458.
Not every recipient will receive the maximum payment; filers can see a personalized estimate through the SSA’s calculator. The monthly benefit is expected to rise by 3.2% next year, according to the administration.
To qualify for the payments, recipients must be at least 65 years old and meet certain financial requirements. Some people under the age of 65 could qualify for the payments if they are at least partially blind or have a physical or mental disability that severely limits their daily activities for at least a year or is expected to result in death, according to the administration.
Children could also be eligible for SSI payments if they are at least partially blind or have a physical or mental condition that seriously limits their activities for at least a year. Children could also receive SSI if their parents do not receive SSI benefits or if they have limited income and savings.
The SSI payments are separate from regular retirement payments, which can be received in addition to the supplemental aid for qualified seniors. However, the two payments are sent out on different schedules.