For those over 65 or potential Supplemental Security Income (SSI) beneficiaries, understanding the program’s benefits and requirements is essential. This guide will explain what SSI is, how payments are scheduled, and the latest updates on a potential fourth stimulus check, providing a clear overview to help you manage your benefits.
SSI Benefits
SSI, or Supplemental Security Income, is a federal program funded by the Treasury and administered by the Social Security Administration (SSA). It supports individuals with limited income and resources who cannot earn an adequate wage.
Who Can Receive SSI Benefits?
SSI pays monthly payments to:
- People age 65 and older with limited income and resources
- Adults and children who are disabled or blind
2023 SSI Payment Rates
- Individuals: $914 per month
- Couples: $1,371 per month
Understanding SSI Benefits
SSI provides monthly financial benefits to disabled adults and children, as well as the elderly. The payment amount increased in 2023 due to a rise in the Consumer Price Index (COLA).
Eligibility Requirements for SSI Benefits
To be eligible for SSI benefits, you must meet the following criteria:
- Be at least 65 years old, or blind, or disabled
- Have limited income and resources
- Be a U.S. national or citizen, or a lawfully permitted immigrant
- Live in one of the 50 states, the Northern Mariana Islands, or the District of Columbia
- Marital status and family net income are also considered
How to Check Eligibility
Use the SSA’s online ‘benefits screening tool’ to determine your eligibility. If you think you may be eligible, call (800) 772-1213 or visit your local Social Security office to file a claim. You can also visit the SSA’s online portal.
SSI Payment Schedule
SSI payments are usually made on the first of each month. If the 1st falls on a federal holiday or weekend, payments are made on the next business day. For instance, November 1, 2023, falls on a Wednesday, so payments will be made on that day. If your check does not arrive on time, wait three additional mailing days before contacting the SSA.
Will SSI Get a Fourth Stimulus Check?
The Senior Citizens League has called for a one-time $1,400 stimulus check for Social Security recipients. While there was some support for another stimulus, it is unlikely that a fourth check will be issued this year. The SSA has stated that stimulus payments do not affect SSI eligibility or payment amounts.