If you qualify for Supplemental Security Income (SSI) benefits, keep an eye on your bank account. You have seven days left to receive your next SSI payment. This payment is crucial for many people, helping them cover basic needs like food and housing.
If you filed as an individual, you will receive $943. Couples will get $1,415. Some beneficiaries might see an increase of $472 if they meet the Essential People (EP) guidelines. This includes the 3.2% increase from the Cost of Living Adjustment (COLA) approved last year to help with inflation.
About 5 million low-income seniors, people with disabilities, and children qualify for SSI. This monthly payment is essential for their survival, providing steady income to help with necessities. The Social Security Administration (SSA) manages these payments in all 50 states, D.C., and the Northern Mariana Islands.
SSI Recipients Statistics
According to the Census Bureau:
8.6 million people receive SSI payments monthly.
62% are between 18 and 64 years old.
25% are seniors aged 65 and older.
12% are children under 18.
Additional Assistance Programs
Many SSI households also receive help from other programs:
CHIP/Medicaid covers 84% of SSI households.
26% receive rental assistance.
20% get energy assistance.
65% benefit from SNAP (Supplemental Nutrition Assistance Program).
If you are waiting for delayed SSI funds and face a financial emergency, you might qualify for an emergency advance payment. The SSA defines a financial emergency as an urgent need for money due to a threat to health or safety. This could be due to insufficient funds for shelter, food, clothing, or medical care.
Repaying Emergency Advances
If you receive an emergency advance, you will need to repay it later. The SSA will deduct the advance amount from your future SSI benefits, spreading the repayment over up to six installments.
Upcoming SSI Payment Dates
SSI recipients will not receive a payment in June. The next payment will arrive on July 1st. Here are all the upcoming payment dates for the year:
SSI payments are vital for millions of people. They help cover essential needs and provide financial stability. Keep track of your payment dates and reach out for additional assistance if needed. Understanding your benefits can help you manage your finances better.
FAQs:
What is the amount of the next SSI payment?
Individuals will receive $943, and couples will get $1,415.
Who qualifies for SSI payments?
Low-income seniors, people with disabilities, and children who meet certain criteria.
What is the COLA increase?
A 3.2% increase to help with inflation and cost of living.
Can I get an emergency advance payment?
Yes, if you face a financial emergency while waiting for delayed SSI funds.
Note: Thanks for visiting our website. We are not officials and whatever information we are giving is according to the expected dates. Information will be confirmed in upcoming updates. thank you.
Disclaimer- We are committed to fair and transparent journalism. Our Journalists verify all details before publishing any news. For any issues with our content, please contact us viaemail.
Elena is a seasoned tax consultant with a decade of expertise in income tax management. Graduating with top honors in Finance, she embarked on a career journey focused on simplifying tax complexities. Elena's insightful articles on thecsc.org provide practical guidance to taxpayers.
