If you get Supplemental Security Income (SSI) benefits, keep an eye on your bank account. Your next SSI payment is coming in seven days. This payment is very important for many people, helping them cover basic needs like food and housing.
SSI Payment Details
If you filed as an individual, you will receive $943. Couples will get $1,415. Some people might see an extra $472 if they meet the Essential People (EP) guidelines. This includes a 3.2% increase from the Cost of Living Adjustment (COLA) approved last year to help with inflation.
Who Receives SSI?
About 5 million low-income seniors, people with disabilities, and children qualify for SSI. This monthly payment is essential for their survival, providing steady income to help with necessities. The Social Security Administration (SSA) manages these payments in all 50 states, D.C., and the Northern Mariana Islands.
SSI Recipients Statistics
According to the Census Bureau:
- 8.6 million people receive SSI payments monthly.
- 62% are between 18 and 64 years old.
- 25% are seniors aged 65 and older.
- 12% are children under 18.
Additional Assistance Programs
Many SSI households also receive help from other programs:
- CHIP/Medicaid covers 84% of SSI households.
- 26% receive rental assistance.
- 20% get energy assistance.
- 65% benefit from SNAP (Supplemental Nutrition Assistance Program).
Emergency Advance Payments
If you are waiting for delayed SSI funds and face a financial emergency, you might qualify for an emergency advance payment. The SSA defines a financial emergency as an urgent need for money due to a threat to health or safety. This could be due to insufficient funds for shelter, food, clothing, or medical care.
Repaying Emergency Advances
If you receive an emergency advance, you will need to repay it later. The SSA will deduct the advance amount from your future SSI benefits, spreading the repayment over up to six installments.
Upcoming SSI Payment Dates
SSI recipients will not receive a payment in June. The next payment will arrive on July 1st. Here are all the upcoming payment dates for the year:
- July: Monday, 1st
- August: Thursday, 1st
- August (September): Friday, 30th of August
- October: Tuesday, 1st
- November: Friday, 1st
- November (December): Friday, 29th of November
SSI payments are vital for millions of people. They help cover essential needs and provide financial stability. Keep track of your payment dates and reach out for additional assistance if needed. Understanding your benefits can help you manage your finances better.
FAQs
1. What is SSI?
SSI stands for Supplemental Security Income. It’s a federal program that gives financial help to low-income seniors, people with disabilities, and children.
2. How much will I get from SSI?
If you are an individual, you will receive $943. Couples will get $1,415. Some people might get an extra $472 if they qualify for Essential People (EP) guidelines.
3. When is the next SSI payment?
The next SSI payment will arrive on July 1st. There will be no payment in June.
4. What if my SSI payment is delayed?
If your SSI payment is delayed and you have a financial emergency, you might qualify for an emergency advance payment.
5. Do I need to repay an emergency advance payment?
Yes, you will need to repay an emergency advance. The SSA will deduct the advance amount from your future SSI benefits, spreading the repayment over up to six installments.