March’s Social Security direct payment of $943 will be sent in 10 days
March’s Supplemental Security Income Payment: What You Need to Know
Get ready, because in just 10 days, millions of beneficiaries will receive March’s Supplemental Security Income (SSI) payment. And this time, it’s worth up to $943 for individual filers!
Mark your calendars for Friday, March 1, as this is when the payment will be disbursed. It’s actually the second payment for 2024, since no payments were made in January due to a scheduling quirk in the Social Security Administration’s calendar. Instead, two payments were made in December.
How Much Can You Get?
The maximum amount you can receive depends on how you filed for the payment. There are three categories: individual, joint, or essential person.
- Individual filers can receive up to $943 each month.
- Couples who filed together can receive up to $1,415.
- Essential persons, who provide necessary care to those receiving SSI payments, can get up to $472 each month.
These amounts have increased by 3.2% from 2023 due to inflation.
Who Qualifies for SSI Payments?
To qualify for SSI payments, you must have limited income and be totally or partially blind, or have a physical or mental condition that seriously limits your daily activities for at least 12 months or more, or may result in death.
It’s important to note that not every recipient will receive the maximum payment. You can use the SSA’s calculator to get a personalized estimate.
Remember, these payments are in addition to regular Social Security benefits. They provide monthly support to adults and children with blindness or disabilities and limited income.
So, keep an eye out for your SSI payment and make the most of it!
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