Receiving money from the Social Security Administration is still possible in May in the United States. If you are 65 years old, you could still receive money from 2 different programs but you can only get one of the 2 upcoming checks.
The first one you could receive is retirement benefits. Therefore, you must have filed for Social Security and got approval from the Administration. Apart from this payment from SSA, you could get a check from the Supplemental Security Income program.
SOCIAL SECURITY RETIREMENT BENEFITS & ELIGIBILITY IN MAY
The last payday for retirees, whether you are 65, or simply older than 62, will be on May 22. The thing is only 1 group of beneficiaries who filed after April 30, 1997, can qualify for this payment.
In fact, those who were born from the 21st to the 31st of any month could get it. Bear in mind that retirement benefits can provide you with a payment worth $4,873. Therefore, you could get quite a lot of money if you earned the taxable maximum for 35 years and delayed retirement.
If you filed at 65, you could receive a payment closer to the average amount. Average retirement benefits are worth $1,915 as of April 2024. Social Security has already scheduled the June payments and the new paydays will be June 3, 12, 18, and 26.
SOCIAL SECURITY SET A NEW SSI PAYMENT
The last opportunity for 65-year-olds to collect a payment in May will be on the 31st. In fact, this money will only be for those who qualified for the Supplemental Security Income (SSI) Program in the United States.
For your information, SSI is only for low-income individuals or couples. Thus, if your financial situation improves, you may lose eligibility or get your amount reduced. Both adults and children can receive SSI payments, but they must meet one of the following 3 conditions.
SSI is for seniors aged 65 at least, blind people, or people with a disability. Do not forget that the June payment for SSI recipients will be arriving on May 31. Hence, it will be sent in advance to avoid delays since June 1 falls on a Saturday.