SSI payments are about to be issued. The Social Security Administration has confirmed that there will only be one payday for all eligible recipients in October. Sometimes, recipients get 2 checks during the same month because a payment needs to be sent in advance due to a federal holiday or weekend.
In just 3 days, you should check your bank account to see if you receive money from the Federal Government. October 1 will be when the Federal Supplemental Security Income payment will be sent to about 7.5 million Americans. This payment may have a difference though.
SSI payments may be slightly higher in October
Since the Social Security Administration has announced some changes in the rules regarding SSI payments, some beneficiaries may be affected positively. A few things have changed:
- expand the definition of public assistance household
- expansion of the Supplemental Security Income rental subsidy policy
- Social Security will remove barriers to accessing Supplemental Security Income payments
If you are affected by the changes in any of these rules, your SSI payment may increase. Those who did not qualify before September 30, 2024, should give it another go since they may now be eligible. So, applying would be wise if you almost got approval previously.
SSI maximum amounts will increase on December 31
The maximum amount will be the same in October. The Supplemental Security Income payment on the first will be up to $1,415 if married and eligible. Individuals get less money though.
A single person on Supplemental Security Income can receive up to $943 on October 1, 2024. Average payments are much lower and they will depend on your age group.
The younger you are, the higher the average Supplemental Security Income payment is. For example, 65-year-olds and older get $575 on average. While the under-18 group gets about $820. All SSI recipients get an average payment worth $698. So, there is a considerable difference between the average and the maximum amount.