Millions of Supplemental Security Income beneficiaries will get their first of two December SSI payments from the Social Security Administration, worth up to $914 for individual filers, in one week.
The first installment is set to be disbursed on Friday, Dec. 1, followed by a rare second payment that will go out four weeks later, on Friday, Dec. 29. The second payment will replace January's installment because of a scheduling quirk in the administration's calendar. The quirk is due to Jan. 1 being a federal holiday and Dec. 30 and Dec. 31 being on a weekend.
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The maximum amount of the payment varies depending on how recipients 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.
To qualify for the payments, recipients need to 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.
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Not every recipient will receive the maximum payment, but filers can see a personalized estimate by checking a calculator on the SSA's website. The monthly benefit amount is expected to rise by 3.2% in 2024, according to the administration.
SSI payments are separate from regular retirement payments, which can be received in addition to the supplemental aid for qualified seniors. However, the two payments are sent out on different schedules.