Recipients of the Social Security Administration's Supplemental Security Income program will receive their next installment in exactly four weeks, according to the Social Security Administration's schedule.
The payment will go out in 28 days, on Tuesday, Aug. 1, 2023. This means there are no payments in July since July's payment went out in June because of a quirk in the SSA's schedule. Recipients see two payments in June because July 1 is on a Saturday, but recipients typically only receive one payment each month.The adjusted schedule ensures that recipients still see 12 checks per year, even though they receive two checks in some months and none in others.
There is some variation in the amount of money that beneficiaries receives depending on whether they file individually, jointly, or as an essential person. Recipients who file individually receive a maximum of $914 every month, eligible couples receive up to $1,371, and essential persons, or those who live with people receiving SSI payments and provide them with necessary care, get a monthly payment of $458, according to the SSA.
To qualify for SSI, a person has to be over 65 and meet specific financial requirements, be at least partially blind, or have a"physical or mental condition that very seriously limits their daily activities for a period of 12 months or more or may be expected to result in death."The payments are separate from the regular Social Security benefits that go out to retirees.
SSI payments were first issued by the SSA in January 1974, and payment rates have increased for cost-of-living adjustments since 1975, according to the agency.
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