Friday, August 19, 2022

"SSI Payments: Why Will You Get A Double Payment In September?"

"SSI Payments: 
Why Will You Get A Double Payment In September?"
by US News

"Those receiving Social Security Income (SSI) payments are set to get the first of two September payments in the next few weeks. There is a slight change to the normal scheduling of these payments purely down to how the days fall on the calendar. Many people in the USA will be receiving more than normal in September.

Usually, SSI payments are distributed at on the first of each month. However, October 1 falls on a weekend, meaning the payment will be moved up to September. Therefore, payments worth up to 841 dollars will be distributed on both September 1 and September 31, although keep in mind that the September 31 payment is really the one for October. December is another month this year that will get double payments, again based on how the dates fall with weekends and holidays.
Who is eligible for the double SSI payments in September? SSI payments are designed to help those who are aged 65 or older and those who are blind, disabled and have little to no income. Eligibility is also dependent on assets. In order to be considered eligible, individuals must not have more than 2,000 dollars in assets or 3,000 dollars for couples. Assets include life insurance policies with a face value of 1,500 dollars or less, a car, burial plots for you or immediate family members, up to 1,500 dollars in burial funds for you and up to 1,500 dollars in burial funds for your spouse, and the home or place you live.

What are the other Social Security benefits being paid out this September? Other benefits are being paid out to applicants on the 14th, 21st and 28th of the month depending on what day of the month their birthday falls on. Those born between the 1st and the 10th will be getting their payments first and then it moves onto those born between 11th and 20th, and then the rest on the 28th September. This makes it easier for the government to manage the payments."
How Much Will SSI Beneficiaries Get Now?

"In this video, we are discussing SSI, supplemental security income and how much beneficiaries could be receiving as a result of some newly released information. SSI is administered by the Social Security administration but it’s not technically Social Security benefits. However, SSI, supplemental security income also enjoys the annual raise to monthly benefits just like Social Security beneficiaries as a result of the annual cost of living adjustment otherwise represented as COLA raise. In this video we are discussing how much will SSI get? How much will supplemental security income get? How much will Social Security get? Will SSI get a raise? Will SSI get an increase? Will SSI get more? We are answering all these questions and discussing how much SSI, supplemental security income Beneficiaries could be receiving as a result of this new information that was just released in accordance with the cost of living adjustment."

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