Social Security update: August direct payment worth $943 goes out in five days – Washington Examiner
The article discusses an upcoming Supplemental Security Income (SSI) payment for August, which amounts to $943 and will be distributed to millions of beneficiaries in five days, starting August 1. This payment is part of the ongoing support for individuals relying on social security benefits. The announcement highlights the importance of timely financial assistance for those in need. The upcoming Supplemental Security Income (SSI) payment scheduled for August is set to provide essential financial support to millions of beneficiaries. At $943, this payment will begin distribution on August 1, ensuring that individuals relying on social security benefits receive the assistance they need in a timely manner. The announcement underscores the significance of consistent financial support for vulnerable populations, reinforcing the government’s commitment to aiding those in need. This timely intervention plays a crucial role in helping beneficiaries manage their living expenses and maintain a degree of financial stability.
Social Security update: August direct payment worth $943 goes out in five days
August’s Supplemental Security Income payment, worth up to $943, will go out to millions of beneficiaries in five days.
On Aug. 1, the first payments will be distributed to those living with a debilitating disability that affects one’s income, according to the Social Security Administration.
To be eligible, filers need to be at least partially blind or have a “physical or mental condition(s) that seriously limits their daily activities for a period of 12 months or more, or may be expected to result in death.”
Applicants who file individually can receive up to $943 per month, couples filing jointly can receive up to $1,415, and essential persons receive up to $472. Inflation has increased these amounts by 3.2% since last year.
The maximum amount received is affected by how they apply, with varying amounts given to individual filers, joint filers, and essential persons who provide SSI recipients with needed care.
SSI payments and regular Social Security benefits are separate. Those who receive Social Security payments don’t automatically qualify for SSI payments and vice versa. Recipients can use a calculator from the SSA to figure out their payment in total.
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