In August, Social Security is preparing to send out more money. However, it’s crucial to understand that not everyone is eligible to receive this check. If you’re currently receiving SSDI (Social Security Disability Insurance), Supplemental Security Income (SSI), or retirement benefits, you may be wondering if this upcoming payment applies to you.
This payment, though, does not extend to those who are receiving either retirement benefits or Social Security Disability Insurance. In fact, this particular check, valued at up to $914, is specifically designed for those who have applied for and are eligible for Supplemental Security Income (SSI). Keep in mind that the maximum value of $914 does not apply to all SSI recipients.
Social Security Benefit Amount: Individual, Couples, and Essential Persons
The actual amount you could receive might be considerably lower, depending on your personal circumstances and financial needs. For example, the average SSI payment as of June 2023 was $677.26. If you’re an individual receiving SSI, the maximum benefit amount you can receive is $914. But what about married couples? It’s understood that a couple has more expenses, so they are eligible for a larger benefit. A qualifying married couple can receive up to $1,371 from Social Security.
Furthermore, there’s another group that can look forward to a check – the ‘essential persons.’ However, their benefit amount will be significantly less. These essential persons can receive a monthly check of up to $458 from Social Security.
According to the Social Security payment schedule, eligible individuals receiving SSI will get their benefit, up to $914, on August 1, 2023. Likewise, qualifying married couples will receive up to $1,371 on the same day. Essential persons eligible for up to $458 will also receive their checks on August 1st. It’s worth noting that sometimes Social Security issues payments in advance.
When might Social Security pay in advance? This usually occurs when the payday falls on a weekend or a public holiday. And while this tends to happen only a few times throughout the year, more often than not, recipients receive their Supplemental Security Income on time.
However, there may be occasional delays. For instance, if it’s your first payment, you should be aware that you must wait for up to three mailing days before you can contact Social Security to report a delayed check. Additionally, as an SSI recipient, you might qualify for other benefits like a cheaper Internet connection, as indicated in the link above.