March’s Social Security direct payment of $943 will be sent out in six days
March’s Supplemental Security Income Payment: What You Need to Know
Get ready, because in just under a week, millions of beneficiaries will receive March’s Supplemental Security Income payment. And this time, it’s worth up to $943 for individual filers!
The payment is scheduled to go out on Friday, March 1, which is the second payment for 2024. Due to a scheduling quirk in the Social Security Administration’s calendar, no payments were made in January.
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 as an essential person.
- Individual filers can receive up to $943 each month.
- Couples who filed together can receive up to $1,415 a month.
- 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?
In order 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.
But wait, there’s more! These payments are given on top of regular Social Security benefits, providing monthly support to adults and children with blindness or another disability and limited income.
Remember, not everyone will receive the maximum payment. To find out how much you’re eligible for, use the SSA’s calculator for a personalized estimate.
So mark your calendars and get ready for that extra boost in your bank account. March’s SSI payment is just around the corner!
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