Connect with us

Social Security Benefits | Social Security Payments Updates

Direct Payment of $914 Arrives in One Day From Social Security



Direct Payment of $914 Arrives in One Day From Social Security

Direct Payment of $914 Arrives in One Day From Social Security.The Supplemental Security Income (SSI) program recipients received their monthly payment of up to $914 for individual filers on Friday. This marks the first of two payments for September. The initial disbursement took place on Friday, with a subsequent payment scheduled for Sept. 29. This second payment will serve as October’s due to a unique scheduling circumstance in the Social Security Administration’s calendar.

Direct Payment of $914 Arrives in One Day From Social Security

Reason for Double Payments Typically, recipients get a single check each month. However, there are exceptions in 2023: March, June, September, and December. These double payments occur when the 1st of the subsequent month lands on a weekend or, in the case of January, a holiday. The second payment effectively replaces the following month’s payment. For instance, since October 1st is a Sunday and September 30th is a Saturday, the second payment for September is set for the 29th.

See also  Up to $4555 Will Soon Be Deposited Into Your Account if You Were Born During These Days

Payment Amounts and Variations

Beneficiaries’ payment amounts differ based on their filing status. Individual filers can receive up to $914 monthly, while eligible couples might get up to $1,371. Essential persons, those living with an SSI recipient and providing necessary care, are entitled to a monthly payment of $458.

See also  Government Announces a New SSI Payment Within Few Days

Eligibility Criteria

To be eligible for the SSI program, individuals must be over 65 and meet certain financial criteria. Those under 65 can also qualify if they are partially blind or have a debilitating physical or mental condition that restricts their daily activities for a minimum of one year or is terminal. Additionally, children who are partially blind or have a limiting physical or mental condition can qualify if their parents or legal guardians have restricted income or savings.

See also  In Just a Few Days 62-Year-Old Retirees Will Start Receiving New Social Security

Historical Perspective

The Social Security Administration began issuing these payments in January 1974. Since 1975, payment rates have been adjusted to account for cost-of-living changes, as reported by the agency.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *