Millions of Supplemental Security Income recipients will see the first of two December SSI payments from the Social Security Administration, worth up to $914 for individual filers, in 18 days.
The first round of payments will go out on Friday, Dec. 1, and the second will go out four weeks later, on Dec. 29. The double payment is because of a kink in the administration's calendar. The second payment will replace January's because Jan. 1 is a holiday and Dec. 30 and Dec. 31 are on a weekend.
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To qualify for the payments, recipients must be at least 65 years old and meet certain financial requirements. Some people under the age of 65 could qualify for the payments if they are at least partially blind or have a physical or mental disability that severely limits their daily activities for at least a year or is expected to result in death, according to the administration.
Children could also be eligible for SSI payments if they are at least partially blind or have a physical or mental condition that seriously limits their activities for at least a year. Children could also receive SSI if their parents do not receive SSI benefits or if they have limited income and savings.
The maximum payment that beneficiaries could receive varies depending on how they file for the benefits. For individuals, the maximum rate for payments is $914 per month. The maximum rate for eligible couples for monthly payments is $1,371. Essential persons, who live with someone receiving SSI and provide them with necessary care, receive a monthly payment of up to $458.
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Not every recipient will receive the maximum payment, and filers can see a personalized estimate through the SSA's calculator.
The monthly benefit amount is expected to rise by 3.2% next year, according to the administration. It will also rise by the same percentage for regular retirement payments, which are separate from SSI payments. Regular retirement payments can be received in addition to the supplemental aid for qualified seniors but are sent out on a different schedule.