The Social Security Administration will send millions of Americans two checks totaling up to $2,700 in December. This is a welcome bonus in the middle of an increasingly expensive holiday season.
There’s a catch, though: American citizens must be eligible for Supplemental Security Income (SSI) benefits in order to receive the payments.
On December 1st and December 29th, eligible recipients will receive two checks.
Individuals will get two $914 checks for a total of $1,828; married couples will get two $1,371 installments for $2,742.
Both spouses must be eligible for SSI benefits in order for married couples to receive the financial aid, as the Daily Mail previously reported.
The federal agency anticipates providing checks to about 67 million Americans overall.
These two checks are intended to be given to low-income individuals “who don’t earn more than $1,913 from work each month,” according to the SSA website.
According to the agency, it also considers other income sources, such as pensions, unemployment benefits, and disability benefits, as well as special situations like adult single parenting or having a disabled child living in the home.
Americans with limited resources, such as cash in bank accounts or assets, such as a house or car, valued at no more than $2,000 for single people or $3,000 for couples, are also eligible for SSI benefits.
SSI is available to all Americans 65 years of age and older, regardless of disability.
In the meantime, in order to be eligible for assistance, applicants who are disabled and under 64 years old must fulfill a number of requirements.
According to the SSA’s guidelines, an applicant who is 64 years of age or younger and has a disability must be blind or have a condition that has severely limited their daily activities, prevented them from working for a year or longer, or resulted in their death.
In addition, individuals who satisfy these disability requirements must demonstrate that their monthly earnings from employment did not exceed $1,470.
The SSA stated that the maximum amount that can be sent by mail or direct deposit to an individual or child is $2,000, while the maximum amount that a couple can receive is $3,000 in this manner.
The exact dates, December 1 and December 29, are when people who receive their SSI payout through direct deposit can anticipate having access to it, according to the SSA.
However, those who are receiving the installments by mail are asked to wait three days.
The SSA advises them to get in touch with the administration if they haven’t received the first or second check in their mailbox by December 6 or January 3, respectively.
Here is when to expect yours:
Due to the holidays, Americans who are eligible for Supplemental Security Income (SSI) should anticipate receiving two checks this month.
Approximately 67 million people receive SSI benefits from the Social Security Administration (SSA) on the first of each month, unless it falls on a federal holiday or a weekend.
Since New Year’s Eve and Day fall on Sunday and Monday, respectively, SSI recipients will get payments on December 1 and 29.
The federal maximum SSI payment for an individual this year is $914, and if both spouses are eligible, a married couple can receive a payout of $1,371.
The SSA advises those who receive their funds by mail to contact the administration if they do not receive it within three days. People who receive their SSI payout through mail or direct deposit can anticipate having it available on the specified dates.
SSI is provided to people who are 65 years of age or older, have little to no resources, have low or no income, or are suffering from a qualifying disability like blindness.
According to the SSA website, those who are eligible for benefits typically make no more than $1,913 per month from their jobs.
For couples and when parents apply on their child’s behalf, the cap would rise.
A good example of someone who might be eligible for SSI benefits is a single parent making $2,500 per month before taxes who lives with a disabled child.
The SSA website states that an individual parent may be eligible for SSI benefits if their monthly income is $3,781 or less before taxes or if they receive less than $1,868 from non-employment or pensions.
When vetting applicants, the SSA looks at two sources: automobiles and bank account balances.
Resource costs are currently limited to $2,000 for single people and $3,000 for couples.
Fortunately, parents who apply for their children will receive an additional $2,000 toward the overall resource limit expenses.
Since applicants 65 years of age or older do not need to be disabled in order to receive benefits, it is easier for them to qualify for SSI.
But, in order to be eligible, a person with a disability who is 64 years of age or younger must fulfill a number of requirements.
The American who is 64 years of age or younger must have a disability that prevents them from working for a year or longer, restricts their daily activities, or causes them to pass away.
If an American meets the eligibility requirements for SSI, they must demonstrate that, prior to applying, their monthly income from employment was less than $1,470.
It’s possible that applicants for SSI who meet the eligibility requirements in terms of age, income, and/or disability won’t be accepted right away.
An applicant can only learn this information if they formally apply online for SSI benefits.