February’s Social Security direct payment of $943 will be sent out in just eight days
The First Supplemental Security Income Payment of 2024
The eagerly awaited first Supplemental Security Income (SSI) payment of the new year is just around the corner! In just over one week, recipients will receive their checks, which can be worth up to $943 for individual filers.
This year, due to a scheduling quirk in the Social Security Administration’s calendar, the first payment will be released on Thursday, Feb. 1. So mark your calendars!
Varied Amounts Depending on Filing Category
The amount of money each person receives can vary depending on how they filed for the payment. There are three categories: individual, joint, or as an essential person.
According to the SSA, individual filers will receive up to $943 each month, eligible couples will receive up to $1,415, and essential persons, who provide necessary care to those receiving SSI payments, will get up to $472.
It’s important to note that not every recipient will receive the maximum payment. To find out your personalized estimate, you can use the SSA’s calculator.
Qualifications for SSI
In order to qualify for SSI, individuals must be totally or partially blind or have physical or mental conditions that seriously limit their daily activities for at least 12 months or more, or may be expected to result in death.
The SSI program, created in 1974, aims to provide extra assistance to vulnerable Americans, including the elderly, blind individuals, and those with debilitating disabilities. It serves as an income floor, supplemented by state assistance programs.
These SSI payments are given in addition to regular Social Security benefits, providing monthly support to adults and children with blindness or other disabilities and limited income.
So get ready for that first SSI payment of the year and make sure to check your mailbox on Feb. 1!
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