Social Security announces new payments over $900

If it is about programs expected by the population, it is necessary to mention the Supplemental Security Income (SSI). This is a program run by the Social Security Administration (SSA) for children or adults with disabilities.For their part, these children or adults do not have sufficient resources to cover basic needs such as food, clothing, housing or transportation.

Eligible people who receive this money will not need to demonstrate previous work experience, nor will age be a requirement. This is precisely one of the advantages of the program, unlike the Social Security or Social Security Disability Insurance (SSDI) benefit.

It was in January 1974 that the Social Security Administration first issued SSI payments. In this regard, payment rates have increased for cost-of-living adjustments (COLAs) since 1975. The COLA’s job is to ensure that payments sent by SSA keep pace with annual inflation.

Already in 2023, the COLA was 8.7%, which influenced all Social Security payments, including Supplemental Income.

Each of the SSA programs has its own payment schedule and SSI payments are received on the first day of the month. Therefore, there are only a few days left for these beneficiaries to receive their cash.

SSA must consider the potential beneficiary’s net income to determine eligibility and benefit amount. However, the higher the person’s income, the lower their SSI will be.

In the same way, it should be clarified that on some occasions, income could disqualify people for this type of aid.

How much money could be received?

There are many Americans who in the next few days could receive a payment greater than $900.00 USD. In other words, most individual SSI recipients receive up to $914.00 each month. Meanwhile, eligible couples will receive up to $1,371.00 USD.

Essential people will also obtain a monthly payment of $458.00 USD. These are the people who live with someone who receives SSI payments and provide necessary care to these recipients.

For late receipt of paper checks, SSA recommends waiting an additional three business days before reporting the missing payment.