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$914 Supplemental Security Income Benefits To Arrive On December 30

Supplemental Security Income Benefits
Supplemental Security Income Benefits

$914 in Supplemental Security Income benefits will be received by its beneficiaries on December 30. These benefits are the second installment of the double payments to be received this month, says Notheis.

Supplemental Security Income Benefits [Photo: The Motley Fool]

Supplemental Security Income Benefits [Photo: The Motley Fool]

On December 30, $914 worth of Supplemental Security Income (SSI) benefits will be received by beneficiaries. These benefits are the second installment of the double payments to be received this December. The first installment was last December 1 when beneficiaries received $841. The second installment will arrive in less than two weeks which gives the recipients a total of $1,755 worth of SSI benefits in one month. According to the Social Security Administration (SSA), the second installment will be received earlier because the payments must be made on the first business day of the month. However, January 1, New Year’s Day is a holiday.

Essential persons who live with and provide necessary care for an SSI beneficiary will also receive their second payment worth $458 on December 30. The second installment is an increase from the first installment of $421 last December 1. Eligible couples will also be given two payments with a total worth of $1,261 this month.

Why the Double Payments?

According to Notheis, these double payments are intended to compensate for the months when SSI failed to distribute payments. SSI sees to it that its beneficiaries will receive all 12 payments every year. This year, the months when there were no payments distributed were January, May, and October. This is because the first days of these months fell on a weekend. In 2023, beneficiaries can look forward to receiving double payments in March, June, September, and December only. The months of April, July, and October will fall on a weekend. Therefore, there will be no payments distributed in accordance with SSA’s schedule.

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