Understanding SSI Payments: Eligibility, Amounts, and Key Dates

Amelia Ross
4 Min Read

The Social Security Administration (SSA) has adjusted the payment schedule for Supplemental Security Income (SSI) recipients over 65. For June, seniors will receive their SSI payment on Friday, May 31st. This adjustment means that millions of seniors won’t receive their usual $943 check in June.

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This article will provide detailed information on the SSI payment schedule, eligibility criteria, and other important details about the program.

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SSI Payment Schedule

June 2024 Adjustment

In June 2024, SSI recipients will receive their payment on May 31st. This change ensures that seniors will not miss their monthly benefits, which have been adjusted by a 3.2% cost of living adjustment (COLA) to help with inflation.

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Confirmed Payment Dates for 2024

  • June: Friday, May 31st
  • July: Monday, July 1st
  • August: Thursday, August 1st
  • September: Friday, August 30th
  • October: Tuesday, October 1st
  • November: Friday, November 1st
  • December: Friday, November 29th

SSI Payment Amounts

Maximum Benefits

SSI recipients can receive different amounts based on their application category:

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  • Individual: $943 per month
  • Couple: $1,415 per month
  • Essential Person: $472 per month

An “essential person” is someone who has lived with an SSI recipient since December 1973 and meets specific SSA criteria.

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Eligibility for SSI

Income and Resource Limits

To qualify for SSI, individuals must meet certain income and resource limits:

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  • Income Limits: Single working individuals earning less than $1,971 per month.
  • Resource Limits: Individuals can have up to $2,000 in resources, and couples up to $3,000. Resources include items like cars and bank accounts.

Special Conditions

  • People with disabilities under 64 must have a monthly income of less than $1,550.
  • Children and the disabled can also apply if they document their medical conditions and circumstances.

Who Can Apply?

To be eligible for SSI, applicants must be:

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  • Low-income seniors over 65
  • Individuals with low incomes (including wages and pensions)
  • People with limited resources
  • U.S. citizens, nationals, or some non-citizens
  • Residents of the 50 states, Washington, DC, or the Northern Mariana Islands
  • Children of military personnel permanently stationed outside the U.S.
  • Some students temporarily overseas

How to Apply for SSI

The SSA provides an online tool to help determine eligibility and begin the application process. This tool takes about five to ten minutes and records your intent to apply, giving you a protective filing date. If accepted, payments will start from this date.

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Understanding the SSI payment schedule, eligibility criteria, and maximum benefits can help seniors over 65 and others in need make informed decisions. The SSA provides resources and tools to assist with the application process, ensuring that eligible individuals receive the financial support they need.

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1. When will seniors receive their SSI payment for June 2024?

Seniors will receive their June SSI payment on Friday, May 31st.

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2. What is the maximum SSI payment for an individual?

The maximum SSI payment for an individual is $943 per month.

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3. Who qualifies as an essential person?

An essential person is someone who has lived with an SSI recipient since December 1973 and meets specific SSA criteria.

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4. What are the income limits for SSI eligibility?

Single working individuals must earn less than $1,971 per month to qualify for SSI.

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5. How can I apply for SSI benefits?

You can use the SSA’s online tool to check eligibility and start the application process. It takes about five to ten minutes and provides a protective filing date.

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A tax law expert with a knack for breaking down complex regulations into digestible insights. Amelia's articles on the tax news blog offer invaluable guidance to readers navigating changes in tax legislation.
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