The next monthly payment from the Supplemental Security Income program, worth up to $914 for individual filers, will be delivered to recipients in five days.
The payment for September, which goes out Sept. 1, will be the first of two payments that will go to beneficiaries next month because of a scheduling quirk in the Social Security Administration’s calendar. The second payment will go out toward the end of the month, on Sept. 29, and will replace October’s payment.
Recipients normally just receive one check each 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. They will not see payments in April, July, or October or in January 2024.
The payment amount for beneficiaries varies depending on how they file for the benefits. For individuals, the rate for payments is $914 per month. The rate for eligible couples is $1,371 per month. Essential persons, who live with someone receiving SSI and provide them with necessary care, have a monthly payment rate of $458.
In order to qualify for the Supplemental Security program, a person has to be over 65 and meet specific financial requirements. Those under 65 could 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.
Children can also qualify for the 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 SSI payments are separate from typical retirement payments issued by the Social Security Administration, which has a minimum age of 62 to receive the checks.
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.