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SSI Payments Update: Supplemental Security Income Recipients To Expect $841 in a Week

The first of two payments for December will reach Supplemental Security Income  or SSI payments recipients in less than a week.

The Social Security Administration has announced that eligible claimants will start receiving payments on Thursday for $841, followed by another payment of $914 on December 30 for a total of $1,755 for the month.

When to Receive Remaining SSI Payments?

Due to payments increasing in 2023, the second installment of December’s payments is higher than the first installment, in part because of the growing annual cost-of-living adjustments to keep up with inflation.

For the month of December, eligible couples will get two payments totaling $1,261, with the amount they receive each month rising to $1,371 the following year.

A $421 payment will be made on December 1 and a second $458 payment will be made on December 30 to essential persons, or those who reside with a Supplemental Security Income recipient and provide necessary care.

SSI recipients will receive two payments in December, along with payments in April and September, for a total of three months this year where this is the case. The extra payments are meant to make up for the months when there isn’t a payment made out, ensuring that recipients get 12 payments in a year.

This year, recipients didn’t get any payouts in January, May, or October. March, June, September, and December of 2023 will all see double payment.

READ MORE: UBI Payments: These Residents May Receive Up To $1,000 for Six Months!

SSI Payments Eligibility

The cost-of-living adjustment (COLA) will result in an 8.7% rise in Social Security recipients’ payments in 2023.

Due to the program’s focus on supporting particular low-income American populations, eligibility conditions for SSI benefits are quite stringent. SSI recipients must be blind or crippled, or at least 65 years old.

It is more challenging to qualify for SSDI benefits because applicants must have one of the listed disabilities in order to be unable to work.

To qualify for SSI benefits, individuals must earn less than a certain amount of money. The SSI requirement for low income in 2022 is an individual’s income of up to $841 per month or a couple’s combined income of up to $1,261 per month if both members are beneficiaries.

For an eligible person, $1,371 will be added, for an eligible person with an eligible spouse it will rise to $914, and for an essential person it will rise to $458. This constrained revenue is referred to as countable income, which is essentially a method of calculating a recipient’s overall income.

This covers elements including earnings from employment, pensions, and veteran’s benefits. This does not include all income, including stimulus payments from the COVID-19 program and aid for natural disasters. Importantly, since they fall under the category of unearned income like investments, SSDI payouts are considered as countable income in our discussion.

According to the Social Security Administration (SSA), the average monthly SSDI payment for a handicapped worker will rise by $119 as a result of the 2023 COLA, from $1,364 to $1,483.

READ MORE: Missing Third Stimulus Check: What Happened and Can You Still Claim Your Money?

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