Social Security update: Direct payment worth $914 arrives in eight days
Misty Severi
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Beneficiaries of the federal Supplemental Security Income program will receive a rare second payment in the month of September in just over a week. Individual filers could see a maximum payment of $914.
The rare payment goes out Friday, Sept. 29, and will replace October’s monthly payment because of a quirk in the Social Security Administration’s calendar. The first payment of the month was issued on the first of the month, which is typical.
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The amount beneficiaries receive depends on a filer’s income, living situation, assets, and other factors. For those who filed as individuals, the payment rate is up to $914 per month. Eligible couples can receive up to $1,371 per month. Essential persons, who live with someone receiving SSI and provide them with necessary care, get a lower monthly payment of $458.
To qualify, a person needs to be 65, and he or she must meet specific financial requirements. People under the age of 65 may 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.
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 or savings.
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Two SSI checks are sent during March, June, September, and December in 2023.
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.