Just one week until the last $841 direct payment before new $914 December check – exact dates for double cash
MILLIONS of Americans will be receiving the final Supplemental Security Income (SSI) payment worth $841 in one week.
After that December 1 deposit, the monthly SSI amount will increase in the same month.
On December 1, eligible beneficiaries will get their first check of $841.
On December 30, they will receive their second check, averaging $914.
The second payment on December 30 is an early payment for January 2023 as it reflects the new SSI benefit amount for the new year.
Individuals who typically receive $841 will start getting $914 for their Supplemental Security Income.
Who is eligible for SSI?
The Supplemental Security Income program provides financial support to needy persons aged 65 or older, blind or disabled adults, and blind or disabled children.
Eligibility requirements and federal payment standards are the same.
Anyone may apply for SSI, but not everyone receives the same amount.
You may get more if you live in a state that adds money to the federal SSI payment.
You may get less if you have other income such as wages, pensions, or Social Security benefits.
You may also get less if someone pays your household expenses or if you live with a spouse and he or she has income.
SSI amounts for 2023
In December 2022, SSI recipients will start receiving an increased check to reflect the 8.7 percent cost-of-living adjustment (COLA) for 2023.
COLA is designed to offset inflation, and depending on how high it is, it determines how much people will receive from their Social Security payment.
Why are people getting two SSI payments in December?
SSI recipients are getting two December payments because the January 1, 2023 payment falls on a Sunday and it’s a holiday.
Whenever that happens, the Social Security Administration (SSA) sends the checks on the nearest business day.
In this case, that day is Friday, December 30.
This happened two other times this year, in April and September. That’s when SSI recipients received two payments in a month.
The U.S. Sun has live blogs on COLA.
Plus, here are the exact dates Social Security, SSI and SSDI are paid each month in 2023.
https://www.the-sun.com/money/6760867/ssi-double-payments-cola-increase/
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