Social Security improves SSI payments regularly. For example, Supplemental Security Income recipients receive more money each year. This change usually takes place by the end of December.
In case you did not know about it, Social Security uses COLA to increase SSI payments. However, this is not the way the Supplemental Security Income program will change forever.
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SOCIAL SECURITY WILL EXPAND ACCESS TO SSI PAYMENTS
Bear in mind that to receive SSI payments, you must meet resource and income limits. Not to mention the fact that you must meet residency and work conditions as well.
Some of these requirements may reduce the amount of your S.S.I. when you apply or when you collect them. Social Security is expanding the definition of public assistance and will include households getting SNAP or households that not all members get S.S.I.
By doing so, more people will be eligible for S.S.I. payments. What is more, thousands of recipients could see their benefits increase. Apart from this, there will also be less reporting burden in this sort of household.
WHAT OTHER CHANGES HAS SSA MADE TO SSI?
The Social Security Administration has also announced that it will remove barriers to accessing S.S.I. benefits. In this case, it has to do with removing food from In-Kind Support and Maintenance (ISM) Calculations.
That basically means that if you receive food from a relative, neighbor, or friend regularly, it will not be taken into account to reduce your S.S.I. amount. Hence, recipients will see how they receive more money even if they get food support.
Another rule that Social Security has announced has to do with the rental subsidy policy. This new rule means that rental support will be less likely to reduce your S.S.I. amount. Therefore, it will be advantageous since recipients will be able to collect more money. Apply now since you could get up to $943.