Social Security update: Direct payment worth $914 arrives in 18 days
Misty Severi
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The second and final round of September’s payments of up to $914 for individual filers will go out to Supplemental Security Income recipients in 18 days as part of a rare double payment from the Social Security Administration this month.
The second payment will go out on Friday, Sept. 29, and will replace October’s payment. The disbursement falls four weeks after the first payment, which went out Sept. 1. The double payment is because of a scheduling quirk in the Social Security Administration’s calendar that gives recipients two payments in one month if the first of the next month occurs on a weekend.
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In order to qualify for the Supplemental Security program, a person needs to be 65 or over and meet specific financial requirements. Those under 65 can also qualify if they are at least partially blind or have a physical or mental condition that seriously limits their daily activities for at least one year or is expected to result in death.
The payment amount for beneficiaries differs depending on how they file for the benefits. For those who file as individuals, the rate for payments is up to $914 per month. The rate for eligible couples is up to $1,371 per month. Essential persons who live with someone receiving SSI and provide them with necessary care get a monthly payment of $458.
Recipients generally receive only one check each month, which occurs on the first of the month, but there are four months that beneficiaries will get two checks this year: March, June, September, and December. This is because the first of the month is on a weekend in April, July, and October, and Jan. 1 is always a holiday.
In the rare instances where there are two payments in a month, the second goes out on the last business day of the previous month. In the case of October, the first is on a Sunday, placing the month’s payment on Sept. 29 because Sept. 30 is a Saturday.
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Some children could also qualify for SSI payments if they are at least partially blind or have a physical or mental condition that limits their daily activities for at least a year, and their parents or legal guardians have limited income or savings.
The payments were first issued by the Social Security Administration in January 1974, and payment rates have increased for cost of living adjustments since 1975, according to the agency.