Supplemental Security Income (SSI) is a federal income assistance program administered by the Social Security Administration (SSA). It provides financial support to individuals with disabilities, blind individuals, and those aged 65 or older who have limited income and resources. This program is designed to ensure a basic income for individuals who are unable to maintain themselves financially.
Qualified individuals receive monthly SSI payments based on the federal benefit rate (FBR), which is adjusted annually. The amount may also be supplemented by the state, depending on where the individual resides. Medicaid coverage: SSI beneficiaries are typically eligible for Medicaid, which provides crucial healthcare coverage, including doctor visits, hospital stays, prescription medications, and more. SNAP beneficiaries can also request the SSI benefits.
The pay dates for SSA beneficiaries in July 2023: You’ll get more money this month
Beneficiaries with a date of birth between the 1st and 10th of any given month will receive their checks on July 12. This ensures that they receive their payments promptly. For those whose date of birth falls between the 21st and 31st of the month, the payments will be disbursed on Wednesday, July 19, and Wednesday, July 26.
According to the official data released by the SSA, each beneficiary will receive an average check worth $1800 dollars in July. However, under certain circumstances, the amount may be bigger. Specifically, individuals with a higher retirement age and accumulated work credits may receive a higher sum.
Are you getting SSI money this month?
The increase in benefits is an annual adjustment made to the Social Security and SSI payments to account for the rising cost of living. The adjustment is based on the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), which measures changes in the prices of goods and services. For 2023, the COLA has been set at 8.7%, indicating a significant rise in benefits.
The increase in benefits, set to take effect in 2023, is attributed to the rise in the cost of living adjustment (COLA) by 8.7%. As a result, eligible beneficiaries can expect an increase in their monthly checks. Furthermore, the July payment incorporating this increase is scheduled to arrive in the coming days. While Social Security beneficiaries eagerly await their payments, recipients of Supplemental Security Income (SSI) will not receive any checks in July. The SSI payment for July was moved to the last day of the previous month. Normally, SSI payments are delivered on the first day of each month. Therefore, two payments were received in June, resulting in no payment for July, and the next one in August.
What is the federal benefit rate (FBR) for SSI payments?
The Federal Benefit Rate (FBR) is the maximum dollar amount paid to individuals who receive Supplemental Security Income (SSI) benefits under the Social Security Disability (SSD) program. The FBR is periodically adjusted based on the cost of living as calculated under the federal consumer price index.
As of 2023, the FBR for an individual is $914 per month, and for a couple, it is $1,371 per month. These figures represent the maximum benefit that may be available through SSI. However, not every SSI recipient is entitled to the full FBR. Several factors can affect the amount of SSI benefits an individual receives, including income/assets, living arrangements, age, and type of disability or impairment.
Could I claim both Social Security benefits and SNAP benefits at the same time?
Yes, it is possible to claim both Social Security benefits and SNAP (Supplemental Nutrition Assistance Program) benefits at the same time, as they serve different purposes and eligibility criteria. The two programs are not mutually exclusionary and, if you meet both sets of requirements, you can apply and qualify.
To apply for SNAP benefits, you will need to contact your state’s SNAP office or visit their website. They will provide you with an application form that requires information about your income, household size, and expenses. You may also need to provide documents such as pay stubs, bank statements, and identification cards. The SNAP office will review your application and supporting documents to determine your eligibility for the program.
Take into account that the SNAP benefits requirements must vary depending on the state you live in. Discover which one is your nearest SNAP office using the USDA official website’s directory of resources here.
These are your Social Security payment dates for July and August 2023
If you’re wondering when you’ll receive your July 2023 payment, here’s what you need to know. For SSI payments, they are typically made on the first day of each month. However, there might be a few exceptions. If you live outside the United States, receive both SSI and Social Security benefits, have your Medicare premiums paid by your state, or filed for Social Security benefits before 1997, you can expect your payment on July 3.
Additionally, if your birthday falls between the 1st and 10th of your birth month, your July Social Security payment will be issued on the second Wednesday of July. If it falls between the 11th and 20th, the payment will be made on the third Wednesday. And if your birthday is after the 20th, you can expect your payment on the fourth Wednesday.
Looking ahead to August 2023, SSI payments will be made on the first day of the month, just like usual. However, if you fall under the exceptions mentioned earlier, you will receive your payment on August 3. If your birthday falls between the 1st and 10th of your birth month, your August Social Security payment will be issued on the second Wednesday of August. For those with birthdays between the 11th and 20th, the payment will be made on the third Wednesday. And if your birthday is after the 20th, you can expect your payment on the fourth Wednesday of August. Keeping track of these dates will help ensure you receive your benefits in a timely manner.