Checks for up to $841 are going to millions of recipients today as April-Land’s first payments.
Eligible Americans will receive two huge Supplemental Security Income (SSI) checks this month totaling $1,682.
Around eight million people will receive the benefits, which support disabled adults and children and seniors over 65 years of age.
The average SSI applicant will receive $621 a month in benefits this year thanks to the cost-of-living adjustment, which climbs to 5.9 percent.
The maximum payment per person is $841 per month.
Next month, the SSI payment schedule will change for the second time this year.
It was first impacted by the vacation schedule in December, resulting in two payments worth up to $1,635.
One reflected the new COLA, the other didn’t.
This time, SSI applicants can expect to receive two matching checks worth up to $1,682.
The payment schedule will be affected since May 1st (the date when SSI benefits are normally shipped) is a Sunday.
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In this case, the benefits will be issued on the previous Friday.
Because of this, SSI beneficiaries can expect their payments to arrive on Friday April 1st and Friday April 29th.
Although the schedule will only be affected by a few days, keep the change in mind.
As for Social Security recipients, nothing will affect the schedule this month, so they can expect to receive their payments on the Wednesday they normally receive theirs.
Social security contributions are paid on three different Wednesdays per month, depending on the date of birth.
WHO QUALIFIES SSI?
Operated by the Social Security Administration (SSA), SSI aims to serve people over 65, as well as blind and disabled people with little or no income.
In addition to a disability, it depends on your assets whether you qualify or not.
To meet the requirements, individuals can have no more than $2,000 in assets, while couples can have up to $3,000.
But the SSA exempts some things you own, including the following:
- Life insurance policies with a face value of $1,500 or less
- your car (usually)
- Burial places for you and your immediate family members
- Up to $1,500 in burial benefits for you and up to $1,500 in burial benefits for your spouse
- The house and land where you live
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https://www.the-sun.com/money/5027462/ssi-checks-go-out-today-april-payments/ SSI Schedule Update – $841 in checks issued TODAY as first payments for April land