This week, some eligible beneficiaries will receive a double payment from Social Security, but this only applies if they meet specific requirements from two Social Security programs. The Supplemental Security Income (SSI) and retirement programs each have their own requirements and schedules. Occasionally, some recipients might be eligible to receive both monthly benefits.
Every month, the Social Security Administration (SSA) delivers millions in benefits to low-income seniors over 65, disabled individuals, children under strict financial circumstances, and retired workers who have met their working and contribution requirements. If you’re among the few eligible for both the SSI check and retiree benefits, read on to learn more about the upcoming payment dates.
Payment Schedule for July
Social Security Payment Dates
According to this year’s Social Security payment schedule, the SSA will deliver five sets of payments in July:
- July 1st: SSI recipients
- July 3rd: Retired workers, survivors, and disabled individuals who claimed benefits before May 1997
- July 10th: Beneficiaries with a date of birth between July 1 and 10
- July 17th: Beneficiaries with a date of birth between July 11 and 20
- July 24th: Beneficiaries with a date of birth between July 21 and 31
Double Payment Eligibility
Who Will Receive the Double Payment?
SSI recipients and RSDI beneficiaries who claimed benefits before 1997 will receive their payments on July 1st and July 3rd, respectively. Those who qualify for both programs will receive their double payment during these dates. The rest of the beneficiaries will receive their payments based on the schedule mentioned above.
Eligibility Requirements
How Can You Receive a Double Payment?
People often assume that it’s not possible to receive a double payment from Social Security. However, in some cases, you might qualify for both SSI and SSDI benefits. SSI and SSDI applicants fall into different categories.
SSI is for disabled workers only and is not means-tested, while SSDI is for people who are unable to work, have few assets, and have low incomes. Despite these distinctions, you may be eligible for concurrent benefits, which means receiving a double payment. This can happen if:
- You become unfit for employment at a young age.
- You were being paid a minimal wage.
- You did not work a full-time job for ten years before suffering a disability.
Individuals applying for SSI have a maximum monthly countable income of $1,767, while couples can have up to $2,607 each. The ceiling for couples is $3,000, while the cap for singles is $2,000. Combining SSI and SSDI can significantly influence income, particularly if SSDI benefits are low due to minimum-wage employment.
Additional Benefits Programs
Other Benefits You Might Be Eligible For
- Supplemental Nutrition Assistance Program (SNAP): This program assists low-income individuals in purchasing groceries and provides an average monthly benefit of $105 to older adults. However, approximately half of eligible people do not join, leaving an estimated 5 million people without food aid.
- Medicare Part D Low-Income Subsidy (LIS, or Extra Help): This Medicare program reduces out-of-pocket pharmaceutical costs, costing an average of $5,300 per beneficiary per year. According to NCOA data, 2 million eligible persons do not sign up, resulting in $10.6 billion in missed benefits each year.
- Medicare Savings Programs: These programs pay for a person’s monthly Part B premium. According to NCOA, 2 to 3 million people are missing out on this help, amounting to $5.94 billion in forfeited payments. Beneficiaries can expect to receive up to $174.70 each month until 2024.
FAQs
1. What is the maximum monthly countable income for SSI?
Individuals can have up to $1,767, while couples can have up to $2,607.
2. Who will receive Social Security payments on July 3rd?
Recipients who began receiving payments before May 1997.
3. Can you receive both SSI and SSDI benefits?
Yes, if you meet specific eligibility criteria such as minimal wage employment or not working a full-time job for ten years before a disability.
4. What additional benefits can you apply for besides the Social Security double payment?
SNAP, Medicare Part D Low-Income Subsidy, and Medicare Savings Programs.
5. How often does the SSA deliver payments in July?
The SSA delivers five sets of payments in July.
Understanding the eligibility requirements and payment schedules for Social Security benefits can help ensure you receive all the benefits you’re entitled to. If you qualify for both SSI and SSDI, you may be eligible for a double payment.
Additionally, other benefit programs like SNAP and Medicare subsidies can provide further financial support. Stay informed about the requirements and take advantage of these programs to maximize your benefits.